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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 175D MASSACHUSETTS INSURERS INSOLVENCY FUND

Section 1 - Definitions

Section 2 - Application of chapter

Section 3 - Massachusetts Insurers Insolvency Fund

Section 4 - Board of directors

Section 5 - Powers and duties of Fund

Section 6 - Plan of operation

Section 7 - Powers and duties of commissioner

Section 8 - Recovery of claims from Fund; assignment of policy rights; cooperation; liability of insolvent insurer’s receiver, et al.; settlements; periodic statements and estimates of claims

Section 9 - Exhaustion of policy insolvency provisions on covered claims; reduction of recovery on policy from amount payable under this chapter; multiple funds

Section 10 - Examination and regulation by commissioner

Section 11 - Exemption from fees and taxes

Section 12 - Return of excess assets to insurers in proportion to contributions to Fund

Section 13 - Rates and premiums for policies to which this chapter applies; sufficiency to recoup amounts paid to Fund

Section 14 - Liability for reports or recommendations by Fund

Section 15 - Stay of pending court proceedings involving insolvent insurer as party; defense by Fund

Section 16 - Termination of Fund by order of commissioner; federal statutory plan on insurer insolvency; distribution of assets

Section 17 - High net worth insureds; payment of claims; financial information