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General Laws of Massachusetts - Chapter 178A Savings Bank Life Insurance.
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- Massachusetts General Laws - Definitions - Chapter 178A, Section 1
The following words as used in this chapter, unless the context otherwise requires, shall have the following meanings:— “Bank”, a trust company, commercial bank, savings...
- Massachusetts General Laws - Savings bank life insurance company; establishment; powers and duties - Chapter 178A, Section 2
There is hereby established a domestic stock life insurance company to be known as The Savings Bank Life Insurance Company of Massachusetts and such company...
- Massachusetts General Laws - Directors; designations; filing; by-laws; elections - Chapter 178A, Section 3
Each savings and insurance bank shall designate one of its directors or trustees to serve as a director of the company until such time as...
- Massachusetts General Laws - Plan for assumption of insurance departments of savings and insurance banks; issuance and ownership of stock; agent or broker licenses - Chapter 178A, Section 4
Within forty-five days after the establishment of the company, the directors shall submit to the commissioner a plan pursuant to which the company shall assume...
- Massachusetts General Laws - Assumption of life insurance contracts and policies; distribution of surplus assumed at conversion - Chapter 178A, Section 5
The plan of assumption shall require the company to assume all policies and contracts of savings bank life insurance in effect on the date of...
- Massachusetts General Laws - Plan of assumption; hearing; notice; issuance of certificate; cost and expenses - Chapter 178A, Section 6
After receipt by him of the plan of assumption, the commissioner shall fix the time and place for a public hearing thereon, which shall be...
- Massachusetts General Laws - Assumption of assets of savings and insurance banks; cessation of operations; pending actions; investments within state - Chapter 178A, Section 7
Upon the date of conversion, the company shall assume all of the assets including any surplus, rights and interests and all of the obligations and...
- Massachusetts General Laws - Abolishment of state offices, insurance council and guaranty fund; continuance of operations; costs - Chapter 178A, Section 8
Upon the date of conversion, the offices of commissioner and deputy commissioner of savings bank life insurance, the offices of state medical director and state...
- Massachusetts General Laws - Policyholders protective board; membership; powers and duties; review of operations; compensation - Chapter 178A, Section 9
There is hereby established a body corporate to be known as the policyholders protective board, hereinafter in this section and in section ten called the...
- Massachusetts General Laws - Distribution of dividends; report; approval or veto; judicial review - Chapter 178A, Section 10
The company may distribute to its stockholders only such dividends with respect to its capital stock as the directors of the company and the policyholders...
- Massachusetts General Laws - Limitation of actions; venue - Chapter 178A, Section 11
Any suit brought on or in respect to any insurance contract issued or assumed by the company shall be brought in the county where such...
Last modified: March 17, 2010
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