MA| The Massachusetts Division of Insurance has issued Bulletin 2025-05 announcing new deviated case rates for credit life and credit accident and health insurance sold by motor vehicle dealers, applicable to policies issued or renewed between January 1, 2026, and December 31, 2028. These rates are determined after reviewing the combined experience of all insurers in this class and are required under state law.
Key Points:
- The credit life insurance rate is set at seventy cents per $1,000 of insurance in force per month for single life, and $1.12 for joint life coverage.
- Credit accident and health insurance premiums per $100 of indebtedness are seventy cents annually for the first four years, fifty cents for the next three years, and twenty-five cents for each subsequent year.