Massachusetts Motor Vehicle Dealer Credit Insurance Rates 2026-2028

MA Insurance Bulletins

Published January 1st, 2026

Detected February 7th, 2026

Summary

The Massachusetts Division of Insurance has issued Bulletin 2025-05, establishing deviated case rates for credit life and credit accident and health insurance sold by motor vehicle dealers. These rates are effective from January 1, 2026, through December 31, 2028, and specify new per-thousand-dollar rates for credit life and per-hundred-dollar rates for credit accident and health insurance based on policy terms.

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What changed

The Massachusetts Division of Insurance has issued Bulletin 2025-05, setting specific deviated case rates for credit life and credit accident and health insurance sold through motor vehicle dealerships. These rates, which are binding for insurers writing this type of coverage in the state, will be in effect for policies issued or renewed between January 1, 2026, and December 31, 2028. The bulletin details the exact rates per thousand dollars of insurance for credit life and per hundred dollars of initial indebtedness for credit accident and health insurance, varying by policy term.

Insurers writing credit life and credit accident and health insurance in Massachusetts that is sold by motor vehicle dealers must adhere to these new rates for the specified period. Compliance with these deviated rates is mandatory for all policies falling within the scope of this bulletin. Failure to comply could result in regulatory action by the Division of Insurance. The bulletin provides contact information for any questions regarding these rate changes.

Source document (simplified)

COMMONWEALTH OF MASSACHUSETTS

Office of Consumer Affairs and Business Regulation

DIVISION OF INSURANCE

One Federal Street, Suite 700 • Boston, MA 02110
(617) 521-7794 • (877) 563-4467 • www.mass.gov

MAURA R. HEALEY
GOVERNOR

KIMBERLEY DRISCOLL
LIEUTENANT GOVERNOR

ERIC PALEY
SECRETARY

LISA R. PREMIA
UNDERSECRETARY

MICHAEL T. CALJOUW
COMMISSIONER

BULLETIN 2025-05

TO: All Insurers Writing Credit Life and Credit Accident and Health Insurance in
Massachusetts that is sold by Motor Vehicle Dealers

FROM: Michael T. Caljouw, Commissioner of Insurance

DATE: October 21, 2025

RE: Deviated Case Rates for Credit Life and Credit Accident and Health Insurance Sold by
Motor Vehicle Dealers Effective Between January 1, 2026 and December 31, 2028

Pursuant to M.G.L. c. 175, s. 117C(b)(c)(4)(iii), the Commissioner shall review the combined
experience of all insurers writing credit life and credit accident and health insurance in Massachusetts
for the motor vehicle dealer class of business and compute the deviated case rates for credit life and
credit accident and health insurance sold through motor vehicle dealers, for policies issued or renewed
between January 1, 2026 through December 31, 2028.

The deviated case rates for January 1, 2026 through December 31, 2028 for the motor vehicle dealer
class of business are as follows:

Credit Life Insurance - The rates per one thousand dollars of insurance in force per month shall be seventy cents for single life insurance and one hundred and sixty- percent of said single life insurance rate for joint life insurance, or one dollar and twelve cents.
Credit Accident and Health Insurance - The single premium rates for each one hundred dollars of initial indebtedness shall be seventy cents per annum for each of the first four years of the term of coverage, fifty cents per annum for each of the next three years of the term of coverage and twenty-five cents per annum for each year thereafter.

Any questions concerning this Bulletin should be directed to Mary T. Hosford, at
mary.hosford@mass.gov