General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XXII. CORPORATIONS |
CHAPTER 175G. THE POLLUTION LIABILITY REINSURANCE CORPORATION |
SECTION 1. Definitions |
SECTION 2. Pollution Liability Reinsurance Corporation; creation; board of directors; board duties; reports and audits |
SECTION 3. Powers of corporation |
SECTION 4. Proposed plan of operation for internal structure and management, and corporate procedures; contents; approval or disapproval |
SECTION 5. Percentage surcharge for supplemental special account, establishment and collection; maximum accumulated amount; surplus |
SECTION 6. Annual review of claim experience; report of fund deficiencies and loan request; certification or denial; independent consultant |
SECTION 7. Rules and regulations; commissioner's orders; review |