1 of 1 HOUSE DOCKET, NO. 1282 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 1303 The Commonwealth of Massachusetts _________________ PRESENTED BY: Jeffrey N. Roy _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act to provide prompt payment following settlement by insurance company. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Jeffrey N. Roy10th Norfolk1/14/2025 1 of 1 HOUSE DOCKET, NO. 1282 FILED ON: 1/14/2025 HOUSE . . . . . . . . . . . . . . . No. 1303 By Representative Roy of Franklin, a petition (accompanied by bill, House, No. 1303) of Jeffrey N. Roy relative to payments following settlements by insurance companies. Financial Services. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE HOUSE, NO. 1226 OF 2021-2022.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act to provide prompt payment following settlement by insurance company. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 Chapter 175 of the General laws is hereby amended by inserting the following Section 2113A: 3 When an action to recover damages has been settled, any insurer which has agreed to pay 4all or part of the settlement on behalf of a settling defendant, shall pay the amount due to any 5settling plaintiff within twenty-one days of tender by the settling plaintiff to the settling 6defendant of a duly executed release executed.