MassachusettsInsurance division reports on Massachusetts credit insurance in 2025
The Division of Insurance reports that credit insurance premiums fell to about $1.5 million in 2025 and summarizes insurers’ claims and loss ratios.
What it does
The Division of Insurance reports on Massachusetts credit insurance in 2025, including premiums, claims, and whether reported loss ratios met required levels.
Argument forThe annual report could help the public see how much credit insurance insurers sold and how claims compared with premiums.
Argument againstLow premium levels kept the reported data below credibility thresholds, so readers may get a less complete picture of whether insurers meet required loss ratios.
More detail
The Division of Insurance reports information about credit insurance sold in Massachusetts during 2025. The report covers credit life, credit disability income, and credit involuntary unemployment insurance, with some data separated by business type. The report covers calendar year 2025.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 15Placed on fileIntroduced
Consumer ProtectionGovernment & Ethics