Submitted by admin on Wed, 10/29/2008 - 08:32
Is it true that under the new Massachusetts auto insurance law companies can no longer add surcharges for accidents and tickets? (Posted by Timothy6 on the Forum.)
Editor's Response:
Yeah, you wish. The changes to the Massachusetts auto insurance law you reference will take effect when consumers buy or renew policies after April 1, 2008. The new system, called "Managed Competition," will allow insurance companies, for the first time, to set their own prices and establish their own coverages and discounts.
Massachusetts law used to require specified surcharges for certain accidents and traffic violations. Under the new law, insurers will be permitted to establish their own rules for surcharges, or 'merit rating plans.' The insurers will determine whether to impose surcharges or not. Of course, in this new world of free competition (to be closely monitored by the Attorney General of Massachusetts) companies that do not impose surcharges may charge higher premiums. For an excellent summary of the changes in the law, go to the Massachusetts AG's web site and look under 'Consumer Protection." http://www.mass.gov/?pageID=cagohomepage&L=1&L0=Home&sid=Cago
|
|
Recent Posts about Massachusetts Laws
Recent Posts about Massachusetts Laws
| Forum | Last post |
|---|---|
|
I signed a 9 months lease with an Apartment in Springfield, MA and the lease term is from July/31/2010 through....
|
3/11/2010 13:12 by sarayoo |
|
My husband has run up an extremely large (too big for us to ever pay back) credit card debt because he used th....
I have had several clients successfully file for bankruptcy and have t....
|
3/11/2010 06:34 by WonTon |
|
I read an article recently about parent coordinators in the state of Vermont and was impressed by the concept.....
Yes, they are legal and used, but not as intertwined in the court syst....
|
3/10/2010 06:56 by Crabby |
|
I have been employed in a medical facility for the past 9 years with excellent written reviews and letters ....
Thanks...Could you recommend an attorney in Massachusetts... I have a....
|
3/9/2010 16:22 by scottsman |
|
I read the other post about the medical malpractice tribunals in Massachusetts but I'm curious about how the t....
The panel is comprised of a judge, a doctor, a lawyer and preside....
|
3/9/2010 05:53 by Wookie |
|
I grew up in Massachusetts however now reside in the Carolinas. At Christmas time I was pulled over and was to....
I found this information on the Massachusetts Court System web site (D....
|
3/8/2010 09:49 by Anonymous |
|
A year ago I bought a condo in MA and later discovered that the downstairs neighbor played loud music almost e....
I suppose . . . IF the problem was severe and if the broker knew about....
|
3/8/2010 06:58 by Anonymous |
|
I know that's something you're supposed to ask a lawyer before you hire one (at least according to one of your....
No, there is no law that requires attorneys in Massachusetts (personal....
|
3/6/2010 06:02 by CharlesT |
|
I "purchased" some clothing recently from a store in Boston and placed the items on lay away. I found the des....
First of all, thank you very much for the compliment. It's nice ....
|
3/5/2010 10:21 by Anonymous |
|
I've been advised by relatives that under Massachusetts law, the executor of a will is entitled to 1/3(one-thi....
No. The short answer to the question is that there is no Ma....
|
3/2/2010 17:42 by massresident |
