General Laws of Massachusetts - Chapter 175J Administrative Supervision and Hazardous Financial Conditions of Insurities

• Massachusetts General Laws - Definitions - Chapter 175J, Section 1
  As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:— “Insurer”, includes every entity or person...
• Massachusetts General Laws - Applicability - Chapter 175J, Section 2
  The provisions of this chapter shall apply to all domestic insurers, and any other insurer doing business in the commonwealth whose state of domicile has...
• Massachusetts General Laws - Administrative supervision by commissioner - Chapter 175J, Section 3
  (A) An insurer may be subject to administrative supervision by the commissioner, without a prior hearing, if upon examination or at any other time the...
• Massachusetts General Laws - Authority of administrative supervisor - Chapter 175J, Section 4
  (A) During the period of supervision, the commissioner or the commissioner’s designee shall serve as the administrative supervisor. The administrative supervisor may impose operating restrictions...
• Massachusetts General Laws - Extension or release from supervision - Chapter 175J, Section 5
  (A) If placed under administrative supervision by an order issued pursuant to subsection (E) of section three, the insurer shall have sixty days, or another...
• Massachusetts General Laws - Confidentiality of proceedings and records - Chapter 175J, Section 6
  (A) Except as provided in this section, and notwithstanding any other provision of the General Laws, including clause Twenty-sixth of section seven of chapter four...
• Massachusetts General Laws - Judicial review - Chapter 175J, Section 7
  An insurer placed under administrative supervision by the commissioner may contest the order, or any part of such order, at any time during the supervision...
• Massachusetts General Laws - Rehabilitation or liquidation proceedings - Chapter 175J, Section 8
  Nothing contained in this chapter shall preclude the commissioner from initiating judicial proceedings to place an insurer in rehabilitation or liquidation proceedings or other delinquency...
• Massachusetts General Laws - Rules and regulations - Chapter 175J, Section 9
  The commissioner may, in accordance with the provisions of chapter thirty A, adopt and promulgate reasonable rules and regulations necessary for the implementation of this
• Massachusetts General Laws - Meetings of commissioner and supervisor - Chapter 175J, Section 10
  Notwithstanding any other provision of the General Laws, the commissioner may meet with a supervisor appointed under subsection (A) of section four, and with the...

Last modified: September 11, 2015