By Bob Katzen

Another bill heard by the Financial Services Committee would require insurance companies to provide a written notification to customers when the company charges a fee to process an electronic payment transaction for an automobile insurance policy.

“I filed this bill after hearing from a constituent who was being charged by their insurance company for making online payments and had never been notified that they would be subject to these fees,” said sponsor GOP Minority Leader Rep. Brad Jones (R-North Reading). “This is a pro-consumer bill that will help to ensure that insurance companies provide full disclosure to their policyholders on any additional fees they may assess for conducting these types of transactions.”