General Laws of Massachusetts - Chapter 176L Risk Retention and Risk Purchasing Groups

• Massachusetts General Laws - Definitions - Chapter 176L, Section 1
  As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:— “Authorized insurer”, an insurer licensed by...
• Massachusetts General Laws - Charter and license; application; plan of operation or feasibility study - Chapter 176L, Section 2
  (A) A risk retention group shall be chartered and licensed under the laws of the commonwealth to write only liability insurance pursuant to the provisions...
• Massachusetts General Laws - Out of state groups; submission of information to commissioner; notice - Chapter 176L, Section 3
  A risk retention group chartered and licensed in another state which seeks to do business as a risk retention group in the commonwealth shall comply...
• Massachusetts General Laws - Insurance insolvency guaranty fund - Chapter 176L, Section 4
  (A) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in...
• Massachusetts General Laws - Repealed, 2000, 96, Sec. 4 - Chapter 176L, Section 5
  Repealed, 2000, 96, Sec.
• Massachusetts General Laws - Purchasing groups; exemptions - Chapter 176L, Section 6
  A purchasing group and its insurer or insurers shall be subject to all applicable laws of the commonwealth except that a purchasing group and its...
• Massachusetts General Laws - Statement submitted to commissioner; designation of commissioner as agent for service of process - Chapter 176L, Section 7
  (A) A purchasing group which intends to do business in the commonwealth shall, prior to doing business, submit to the commissioner a statement which shall:...
• Massachusetts General Laws - Purchases of insurance by purchasing groups; agents or brokers; notice to members - Chapter 176L, Section 8
  (A) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not...
• Massachusetts General Laws - Premium taxes - Chapter 176L, Section 9
  Premium taxes and taxes on premiums paid for coverage of residents or risks located in the commonwealth by a purchasing group or any members of...
• Massachusetts General Laws - Motor vehicle no-fault and financial responsibility laws - Chapter 176L, Section 10
  Nothing in this chapter shall be construed to exempt a risk retention group or purchasing group from the policy form or coverage requirements of any...
• Massachusetts General Laws - Enforcement by commissioner - Chapter 176L, Section 11
  The commissioner is authorized to make use of any of the powers established under the laws governing insurance to enforce those laws not specifically preempted...
• Massachusetts General Laws - License requirement - Chapter 176L, Section 12
  (A) No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in the commonwealth from...
• Massachusetts General Laws - Enforcement of court orders - Chapter 176L, Section 13
  An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any...
• Massachusetts General Laws - Rules and regulations - Chapter 176L, Section 14
  The commissioner may in accordance with provisions of chapter thirty A, after notice of hearing, promulgate rules and regulations as are necessary or proper to...

Last modified: September 11, 2015