Mass Mulls Leveling Playing Field For Life Insurers

Law360, New York (July 20, 2010, 4:37 PM EDT) -- Massachusetts Gov. Deval Patrick will decide in the coming days whether to sign a bill exempting state savings banks from statutes barring sex discrimination when setting rates for life insurance policies, a provision private insurers already enjoy.

HB 889, laid before Patrick on Thursday, would allow the state-chartered Savings Bank Life Insurance Co. of Massachusetts to offer different rates depending on sex, and could play a major role in deciding whether SBLI remains in Massachusetts.

Patrick vetoed a similar bill in 2008 and has hinted to...
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