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By Mr. Mariano of Quincy, petition (accompanied by bill, House, No. 1022) of Ronald Mariano relative to private passenger automobile insurance. Financial Services. |
The Commonwealth of Massachusetts
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PETITION OF:
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By Mr. Mariano of Quincy, petition (accompanied by bill, House, No. 1022) of Ronald Mariano relative to private passenger automobile insurance. Financial Services. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
The first sentence of subsection (B) of Section 113H of chapter 175 is stricken, in its entirety, and replaced with the following:
"(B) Such a plan shall be prepared and administered by a governing committee appointed by the commissioner for terms of six years, consisting of six members from insurance companies participating in the plan and one additional representative from a domestic insurer in the commonwealth whose annual motor vehicle policy premiums amount to less than two and one half per cent (2.5%) of the private passenger insurance market and unaffiliated with any other insurance company represented on the governing committee, and six members from associations of insurance producers."