MAIA’s Fyntrilakis Testifies on Beacon Hill for Fair & Accurate Quote Bill

    Posted by MAIA on October 1, 2019

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    Advocacy is  a tenet of MAIA’s mission statement, as we saw last week when MAIA President and CEO Nick Fyntrilakis testified before the Joint Committee on Financial Services at the State House regarding the latest revisions to Bill S.641 / H.973: An Act Relative to Fair and Accurate Motor Vehicle Insurance Quotes.

    Throughout the past year, MAIA has been engaged in thoughtful and comprehensive discussions with legislators, regulators, and industry stakeholders, to address questions raised by the original bill. In his testimony, Nick stated, “I am pleased to say that the redrafted language before you today represents a compromise between key parties that protects consumers and creates a level competitive playing field.”

    The compromise language states:

    An insurer that utilizes an applicant’s Massachusetts driving history as a rating or underwriting factor for private passenger motor vehicle insurance in the Commonwealth, a licensed insurance producer, or third party representative shall verify the applicant’s Massachusetts driving history through the use of the Massachusetts Registry of Motor Vehicles database or a reliable third party database prior to processing payment or issuing a policy, unless said driving history is unavailable at the time of initial inquiry due to a temporary website outage, service interruption, or other circumstance beyond the control of the insurer, producer, or third party representative. This Section shall apply to all policies issued on or after January 1, 2020. 

    When providing a private passenger automobile insurance quote, an insurer, licensed insurance producer or third party representative shall provide a disclosure regarding the verification of an applicant’s Massachusetts driving history.

    We thank all those who testified, including Rep. Michael Finn, who filed the House bill, and Arbella Attorney Roberta Fitzpatrick (both shown in the photo), and Rick Green, Chair of MAIA’s Legislative Committee.

    MAIA is committed to the continued collaborative relationships with lawmakers and stakeholders that allow us to serve as our members’ advocate and voice in government matters that affect their livelihoods.

    Read the full transcript of Nick Fyntrilakis’s testimony to the Financial Services Committee.


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    Topics: The Massachusetts Agent, 2019, Association News

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