Bill
H 1163
Overview: H 1163 - An Act relative to the modernization of insurance stampsPurpose and Intent: This bill aims to modernize the use of insurance stamps in the state, updating the ex
Overview: H 1163 - An Act relative to the modernization of insurance stamps
Purpose and Intent: This bill aims to modernize the use of insurance stamps in the state, updating the existing requirements and processes.
Key Provisions:
- Revises the requirements for the use of insurance stamps, including the size, design, and placement of stamps on insurance documents
- Allows for the use of electronic or digital stamps in addition to physical stamps
- Establishes guidelines for the approval and use of electronic or digital insurance stamps
Affected Parties and Impacts:
- Insurance companies and agents will be required to comply with the new insurance stamp requirements
- Consumers may see changes in the appearance and format of insurance documents due to the modernization of stamps
- The state insurance regulatory agency will be responsible for approving and overseeing the use of electronic or digital insurance stamps
Procedural and Timeline Considerations:
The bill has been scheduled for a hearing on October 22, 2025, from 10:30 AM to 11:40 AM, both in-person and virtually. The virtual hearing has been updated with a new end time.
Compiled from official sources — confirm details with the bill’s official record.
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