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Insurance trade group urges committee to exempt specialty commercial lines from form filings
Summary
The American Property Casualty Insurance Association and industry witnesses told the Joint Committee on Financial Services that House Bill 1105 would modernize business‑to‑business insurance transactions by exempting certain specialty lines from rate and form filings and thereby spur product innovation while preserving regulator oversight.
Industry representatives told the Joint Committee on Financial Services that House Bill 1105 would modernize how specialty commercial insurance lines are regulated in Massachusetts by exempting certain large commercial and specialty lines from the standard rate and form filing process while preserving oversight by the Division of…
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