An Act studying property insurance premiums on non-profit organizations

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 studying property insurance premiums on non-profit organizations

An Act studying property insurance premiums on non-profit organizations By Representative Cusack of Braintree, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act studying property insurance premiums on non-profit organizations By Representative Cusack of Braintree, a petition (accompanied by bill, House, No.
• 1121) of Mark J.
• Cusack and others that the commissioner of insurance be authorized to conduct an investigation and study of the impact of property insurance premiums on non-profit organizations.
• 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.

Official Summary Text

An Act studying property insurance premiums on non-profit organizations
By Representative Cusack of Braintree, a petition (accompanied by bill, House, No. 1121) of Mark J. Cusack and others that the commissioner of insurance be authorized to conduct an investigation and study of the impact of property insurance premiums on non-profit organizations. Financial Services.
Status:
Referred to House Committee on Ways and Means

Current Bill Text

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Bill H.1121

SECTION 1. Notwithstanding any general or special law to the contrary, the commissioner of insurance shall conduct an investigation and study of the impact of property insurance premiums on non-profit organizations. The commissioner shall evaluate, at a minimum: (1) the reasons for increasing property insurance premiums in the commonwealth; (2) the market availability of property insurers in the commonwealth for nonprofit organizations including those considered "high-risk"; and (3) evaluate the development of a commercial insurance policy clearinghouse as part of the Massachusetts FAIR Plan.

The commissioner shall make recommendations and shall submit findings to the joint committee on financial services and to the house and senate committees on ways and means not later than December 31, 2026.

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