Massachusetts H4705 amends motor vehicle liability insurance requirements for lessors.

Massachusetts H4705 amends the General Laws to modify the liability insurance requirements for lessors of motor vehicles. Specifically, it mandates that lessors provide secondary or contingent motor vehicle liability insurance coverage equal to the financial requirements imposed on vehicle owners or registrants in the commonwealth. This applies unless the lessee or operator already holds a valid and collectible liability policy or other form of financial security meeting the minimum requirements. The bill also makes corresponding changes to sections 34M and 32E of chapter 90.

Massachusetts H4705 amends motor vehicle liability insurance requirements for lessors.

Massachusetts H4705 amends the General Laws to modify the liability insurance requirements for lessors of motor vehicles. Specifically, it mandates that lessors provide secondary or contingent motor vehicle liability insurance coverage equal to the financial requirements imposed on vehicle owners or registrants in the commonwealth. This applies unless the lessee or operator already holds a valid and collectible liability policy or other form of financial security meeting the minimum requirements. The bill also makes corresponding changes to sections 34M and 32E of chapter 90.