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| 2 | 2 | | HOUSE DOCKET, NO. 1282 FILED ON: 1/14/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 1303 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Jeffrey N. Roy |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act to provide prompt payment following settlement by insurance company. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Jeffrey N. Roy10th Norfolk1/14/2025 1 of 1 |
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| 16 | 16 | | HOUSE DOCKET, NO. 1282 FILED ON: 1/14/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 1303 |
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| 18 | 18 | | By Representative Roy of Franklin, a petition (accompanied by bill, House, No. 1303) of Jeffrey |
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| 19 | 19 | | N. Roy relative to payments following settlements by insurance companies. Financial Services. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE HOUSE, NO. 1226 OF 2021-2022.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act to provide prompt payment following settlement by insurance company. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 Chapter 175 of the General laws is hereby amended by inserting the following Section |
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| 31 | 31 | | 2113A: |
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| 32 | 32 | | 3 When an action to recover damages has been settled, any insurer which has agreed to pay |
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| 33 | 33 | | 4all or part of the settlement on behalf of a settling defendant, shall pay the amount due to any |
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| 34 | 34 | | 5settling plaintiff within twenty-one days of tender by the settling plaintiff to the settling |
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| 35 | 35 | | 6defendant of a duly executed release executed. |
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