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The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 175D MASSACHUSETTS INSURERS INSOLVENCY FUND
  5. Section 14 Liability for reports or recommendations by Fund

Section 14

Section 14: Liability for reports or recommendations by Fund

[ Text of section effective until April 9, 2025. For text effective April 9, 2025, see below.]

  Section 14. There shall be no liability on the part of and no cause of action against insurers, the Fund or the agents of the Fund for any statement made by them in any reports or recommendations issued by the Fund.

Chapter 175D: Section 14. Reports and recommendations to aid in the detection and prevention of insurer insolvencies

[ Text of section as recodified by 2024, 389, Sec. 3 effective April 9, 2025. For text effective until April 9, 2025, see above.]

  Section 14. (a) To aid in the detection and prevention of insurer insolvencies, the board of directors may, upon majority vote: (i) make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency; and (ii) at the conclusion of any domestic insurer insolvency in which the Fund was obligated to pay covered claims, prepare and submit to the commissioner a report on the history and causes of the insolvency, based on the information available to the Fund.

  (b) Reports and recommendations provided under this section shall not be considered public records and subject to disclosure pursuant to clause Twenty-sixth of section 7 of chapter 4 and chapter 66.