Eliminates penalty charges for pro-rated rebates when Massachusetts auto insurance policyholders cancel or switch companies.

Massachusetts H1102 would amend the state's General Laws to ensure that when policyholders cancel their auto insurance or switch companies, they receive a pro-rated rebate for the exact number of days paid for in the policy, without any additional surcharges or expenses beyond the exact days the policy was in effect. This change aims to protect consumers from penalty charges when altering their auto insurance arrangements.

Eliminates penalty charges for pro-rated rebates when Massachusetts auto insurance policyholders cancel or switch companies.

Massachusetts H1102 would amend the state's General Laws to ensure that when policyholders cancel their auto insurance or switch companies, they receive a pro-rated rebate for the exact number of days paid for in the policy, without any additional surcharges or expenses beyond the exact days the policy was in effect. This change aims to protect consumers from penalty charges when altering their auto insurance arrangements.