An Act relative to annuity benefit insurance

This bill increases the maximum annuity benefit insurance coverage limits in Massachusetts law. It raises the limit from $100,000 to $500,000 for one provision and from $300,000 to $500,000 for another provision under section 146B of Chapter 175. These changes directly affect individuals purchasing annuity insurance policies by expanding the guaranteed coverage amount insurers must provide. The bill makes a straightforward adjustment to existing insurance requirements without altering other policy terms.