Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Chapter 152 of the General Laws is hereby amended by striking out section 63, as appearing in the 1990 Official Edition, and inserting in place thereof the following section:-
Section 63. Insurance companies insuring employees under this chapter shall, at the request of the department, furnish it in writing any information required in connection with the administration by said department of this chapter, including any statistics and the names of all employers insured by them. Notice of issuance of a policy of insurance insuring employers under this chapter shall be given to the rating organization authorized by section fifty-two C by the company issuing such policy within five days after the date of issuance thereof. No further notice need be filed in case such insurance is renewed, extended or otherwise continued by such company. Such insurance shall not be cancelled or shall not be otherwise terminated until ten days after written notice of such cancellation or termination is given to the rating organization or until a notice has been received by said organization that the employer has secured insurance from another insurance company or has otherwise insured the payment of compensation provided for by this chapter. Said organization shall immediately make available to the department, by electronic transmission or otherwise, all information collected pursuant to this section.
SECTION 2. Said chapter 152 is hereby further amended by striking out section 65B, as so appearing, and inserting in place thereof the following section:-
Section 65B. If, after the issuance of a policy under section sixty-five A, it shall appear that the employer to whom the policy was issued is not or has ceased to be entitled to such insurance, the insurer may cancel such policy in the manner provided in this chapter; provided, however, that any insurer desiring to cancel such a policy shall give notice in writing to the rating organization and the insured of its desire to cancel the same. Such cancellation shall be effective unless the employer shall within ten days after the receipt of such notice file with the department and the rating organization objections thereto, and, if such objections are filed, a member of the department shall hear and decide the case within a reasonable time thereafter, subject to review as provided where a claim for a review referred to in section eleven C is filed.
SECTION 3. This act shall be deemed substantive pursuant to section two A of chapter one hundred and fifty-two of the General Laws and shall apply to policies issued on or after the effective date of this act.