An Act relative to an investigation to review flood insurance rates
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the Massachusetts Commissioner of the Division of Insurance to conduct a bi-annual investigation into flood insurance rates. The goal of this investigation is to review these rates and assess whether they are appropriate. The investigation will be overseen by the Financial Services committee. This is a recurring bill with similar proposals in past legislative sessions.
Key provisions
- The Commissioner of the Division of Insurance will conduct a bi-annual investigation.
- The investigation will focus on flood insurance rates.
- The Financial Services committee will oversee the investigation.
- The investigation’s findings will be reported to the legislature.
Who is affected
- Homeowners in Massachusetts
- Flood insurance policyholders in Massachusetts
- The Division of Insurance
Notable changes
- This bill is part of a series of similar proposals aimed at reviewing flood insurance rates in Massachusetts.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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