An Act preserving the competitiveness of group auto and homeowners insurance plans

This bill modifies the rules for group auto and homeowners insurance plans in Massachusetts to help keep them competitive. It allows these plans to be renewed even if fewer than 35 percent of their members are insured during the years 2024 through 2030, a threshold that previously applied to plans approved between 2020 and 2024. The change directly affects insurance groups that have seen a decline in member participation, enabling them to continue offering coverage under existing marketing plans without meeting the higher enrollment requirement. The law takes effect immediately upon passage by the legislature.