A regulation proposed by Massachusetts insurers would allow customers to buy an endorsement that guarantees the use of original equipment manufacturer parts in insured repairs to their vehicles.
A hearing on the proposal will be held at 10 a.m. EST on Feb. 7 at the Division of Insurance. The proposal has to be approved by the Massachusetts insurance commissioner.
The Automobile Insurers Bureau of Massachusetts drafted the optional endorsements to the collision and comprehensive sections of the Massachusetts standard auto policy and filed it with the Division in January.
Topics Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
Best Quarter in a Quarter Century, Says S&P Q3 Analysis of US P/C
Florida, East Coast to See Big Insured Losses From More Cat 5 Storms, Researchers Say
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think 

