On December 17, 2008, Massachusetts Governor Deval Patrick signed House Bill No. 4508, An Act Protecting Military Services Members (the “Act), into law. The purpose of the Act is to protect members of the armed forces from dishonest and predatory insurance practices by declaring certain acts or practices to be false, misleading, deceptive or unfair. The Act allows the Commissioner of Insurance to “promulgate reasonable rules and regulations” for this purpose.
As we reported here and here, the National Association of Insurance Commissioners and other states, such as Connecticut, have adopted similar laws to protect service members from predatory insurance sales practices.
