General Laws of Massachusetts - Chapter 40M Governmental Units Pooled Insurance

• Massachusetts General Laws - Public employer self-insurance groups - Chapter 40M, Section 1
  Five or more public entities may participate in an organization in which the governmental units are members, and agree to effect such property and casualty...
• Massachusetts General Laws - Definitions - Chapter 40M, Section 2
  “Administrator”, an individual, partnership, corporation, or unincorporated association engaged by a public employer self-insurance group’s board of trustees and to provide day to day management...
• Massachusetts General Laws - Certificate of approval required - Chapter 40M, Section 3
  No person, association or other entity shall act as a public employer self-insurance group unless it has been issued a certificate of approval by the
• Massachusetts General Laws - Certificate of approval; application; requirements; refusal; service of legal process - Chapter 40M, Section 4
  (A) A proposed public employer self-insurance group shall file with the commissioner its application for a certificate of approval accompanied by a nonrefundable filing fee...
• Massachusetts General Laws - Certificate of approval; duration; termination; merger of groups - Chapter 40M, Section 5
  (A) The certificate of approval issued by the commissioner to a public employer self-insurance group authorizes the group to provide insurance coverage. The certificate of...
• Massachusetts General Laws - Examination of records - Chapter 40M, Section 6
  The commissioner may examine the affairs, transactions, accounts, records and assets of each group as often as the commissioner deems advisable.
• Massachusetts General Laws - Board of trustees; powers and duties - Chapter 40M, Section 7
  Each public employer self-insurance group shall be operated by a board of trustees which shall consist of not less than three persons who are elected...
• Massachusetts General Laws - Membership in group - Chapter 40M, Section 8
  (A) A public employer joining a public employer’s self-insurance group after the group has been issued a certificate of approval shall submit an application for...
• Massachusetts General Laws - Solicitation of memberships - Chapter 40M, Section 9
  Except for trustees, officers, directors or salaried employees of a group or its administrator, any person soliciting membership in a property and casualty self-insurance group...
• Massachusetts General Laws - Reports - Chapter 40M, Section 10
  (A) Each group shall submit to the commissioner of insurance thirty days before the end of its policy year a performance report estimating total outstanding...
• Massachusetts General Laws - Rating plan; annual audit - Chapter 40M, Section 11
  (A) A group shall file with the commissioner its rating plan. (B) Each group shall be audited at least annually by an auditor acceptable to...
• Massachusetts General Laws - Refund of excess funds - Chapter 40M, Section 12
  (A) Any monies for a fund year in excess of the amount necessary to fund all obligations, including reserves for claims and reserves for incurred...
• Massachusetts General Laws - Premium payments; loss reserves - Chapter 40M, Section 13
  (A) Each group shall establish to the satisfaction of the commissioner a premium payment plan in which at least thirty-three per cent of each members...
• Massachusetts General Laws - Deficiencies - Chapter 40M, Section 14
  (A) If the assets of a group are at any time insufficient to enable the group to discharge its legal liabilities and other obligations and...
• Massachusetts General Laws - Violations; cease and desist orders - Chapter 40M, Section 15
  After notice and opportunity for a hearing, the commissioner may issue an order requiring a person or public employer self-insurance group to cease and desist...
• Massachusetts General Laws - Revocation of certificate of approval; grounds; review - Chapter 40M, Section 16
  (A) After notice and opportunity for a hearing, the commissioner may revoke a public employer self-insurance group’s certificate of approval if it (1) is found...

Last modified: September 11, 2015