General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 175D. MASSACHUSETTS INSURERS INSOLVENCY FUND |
SECTION 1. Definitions |
SECTION 2. Application of chapter |
SECTION 3. Massachusetts Insurers Insolvency Fund |
SECTION 4. Board of directors |
SECTION 5. Powers and duties of Fund |
SECTION 6. Plan of operation |
SECTION 7. Powers and duties of commissioner |
SECTION 8. Recovery of claims from Fund; assignment of policy rights; cooperation; liability of insolvent insurer's receiver, et al.; settlements; periodic statements and estimates of claims |
SECTION 9. Exhaustion of policy insolvency provisions on covered claims; reduction of recovery on policy from amount payable under this chapter; multiple funds |
SECTION 10. Examination and regulation by commissioner |
SECTION 11. Exemption from fees and taxes |
SECTION 12. Return of excess assets to insurers in proportion to contributions to Fund |
SECTION 13. Rates and premiums for policies to which this chapter applies; sufficiency to recoup amounts paid to Fund |
SECTION 14. Liability for reports or recommendations by Fund |
SECTION 15. Stay of pending court proceedings involving insolvent insurer as party; defense by Fund |
SECTION 16. Termination of Fund by order of commissioner; federal statutory plan on insurer insolvency; distribution of assets |
SECTION 17. High net worth insureds; payment of claims; financial information |