General Laws of Massachusetts - Chapter 174A Regulation of Rates for Fire, Marine and Inland Marine Insurance, and Rating Organizations

• Massachusetts General Laws - Title of chapter - Chapter 174A, Section 1
  This chapter shall be known and may be cited as the Fire, Marine and Inland Marine Rate Regulatory Law.
• Massachusetts General Laws - Purpose; construction - Chapter 174A, Section 2
  The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate...
• Massachusetts General Laws - Definitions - Chapter 174A, Section 3
  The following words, as used in this chapter, unless the text otherwise requires or a different meaning is specifically required, shall mean— “Commissioner”, the commissioner...
• Massachusetts General Laws - Restrictions on application - Chapter 174A, Section 4
  This chapter shall apply to risks located in this commonwealth insured by insurance companies authorized to transact business in this commonwealth under the First, Second...
• Massachusetts General Laws - Rates; general provisions - Chapter 174A, Section 5
  (a) Rates shall be made in accordance with the following provisions:— 1. Manual, minimum, class rates, rating schedules or rating plans, shall be made and...
• Massachusetts General Laws - Rates; filing with commissioner - Chapter 174A, Section 6
  (a) Every insurer shall file with the commissioner or his designated representative, except as to inland marine risks which by general custom of the business...
• Massachusetts General Laws - Defective filing; remedy of aggrieved persons - Chapter 174A, Section 7
  (a) If at any time the commissioner finds that a filing does not meet the requirements of this chapter, he shall, after a hearing held...
• Massachusetts General Laws - Rating organizations; licensing; fee; powers; regulations - Chapter 174A, Section 8
  (a) A corporation, an unincorporated association, a partnership or an individual, whether located within or outside this commonwealth, may make application to the commissioner for...
• Massachusetts General Laws - Filings by voting organization; adherence by members; deviation; application; hearing - Chapter 174A, Section 9
  Every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that any such...
• Massachusetts General Laws - Rating organizations; action or decision; appeal - Chapter 174A, Section 10
  Any member of or subscriber to a rating organization may appeal to the commissioner from the action or decision of such rating organization in approving...
• Massachusetts General Laws - Rating organization; duties; appearance by agent or broker - Chapter 174A, Section 11
  Every rating organization and every insurer which makes its own rates shall, within a reasonable time after receiving written request therefor and upon payment of...
• Massachusetts General Laws - Advisory organizations - Chapter 174A, Section 12
  (a) Every group, association or other organization of insurers, whether located within or outside this commonwealth, which assists insurers which make their own filings or...
• Massachusetts General Laws - Joint reinsurance; regulation - Chapter 174A, Section 13
  (a) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation with respect thereto...
• Massachusetts General Laws - Rating and advisory organizations; examination - Chapter 174A, Section 14
  The commissioner shall, at least once in five years, make or cause to be made an examination of each rating organization licensed in this commonwealth...
• Massachusetts General Laws - Fire insurance ratings; hearings - Chapter 174A, Section 14A
  The commissioner shall have jurisdiction to change fire insurance ratings given by any company, rating organization, advisory organization, group association or other organization making a...
• Massachusetts General Laws - Commissioner; rule-making power - Chapter 174A, Section 15
  (a) The commissioner shall promulgate reasonable rules and statistical plans, reasonably adapted to each of the rating systems on file with him, which may be...
• Massachusetts General Laws - False or misleading information - Chapter 174A, Section 16
  No person or organization shall wilfully withhold information from, or knowingly give false or misleading information to, the commissioner, any statistical agency designated by the...
• Massachusetts General Laws - Penalties - Chapter 174A, Section 17
  Any person or organization wilfully violating any provision of this chapter shall be punished by a fine of not more than five hundred dollars for...
• Massachusetts General Laws - Aggrieved parties; hearing; review - Chapter 174A, Section 18
  (a) Any insurer or rating organization aggrieved by any order or decision of the commissioner made without a hearing, may, within thirty days after notice...
• Massachusetts General Laws - Partial invalidity - Chapter 174A, Section 19
  If any section, subsection, subdivision, paragraph, sentence or clause of this chapter is held invalid or unconstitutional, such decision shall not affect the remaining portions

Last modified: September 11, 2015