H1084 • 2025

An Act relative to modernization of insurance laws

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Bruce J. Ayers
Last action: 2025-12-04
Official status: Referred to House Committee on Ways and Means
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to modernization of insurance laws

An Act relative to modernization of insurance laws By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.

What This Bill Does

An Act relative to modernization of insurance laws By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.
1084) of Bruce J.
Ayers relative to the designation of beneficiaries for life insurance policies.
Financial Services.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2025-12-04 House
Discharged to the committee on House Ways and Means
2025-11-19 House
Accompanied by H1085 , H1100 , H1105 , H1123 , H1129 , H1139 , H1233 and H1248
2025-11-19 House
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling
2025-05-07 Joint
Hearing scheduled for 05/13/2025 from 10:00 AM-01:00 PM in A-2
2025-02-27 House
Referred to the committee on Financial Services
2025-02-27 Senate
Senate concurred

Official Summary Text

An Act relative to modernization of insurance laws
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 1084) of Bruce J. Ayers relative to the designation of beneficiaries for life insurance policies. Financial Services.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

Read the full stored bill text

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Bill H.1084

Section 123 of said chapter 175, as so appearing, is hereby amended by striking out the second paragraph and inserting in place thereof the following paragraph:

No life insurance company shall accept or take action on any request to change the designation of beneficiary under any policy of life or endowment insurance unless the identity of the person requesting the change is verified by the insurance company to the extent reasonable and practicable. Verification may include a disinterested person witnessing the signature of the person requesting the change, or other proof acceptable to the insurance company. For purposes of this section, a disinterested person is one who is over eighteen years of age and not designated as a beneficiary in the requested change. Upon receipt and acceptance of the change of designation of beneficiary, the insurance company shall provide written notice of the change to the policy owner at the owner's last known address.

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