AN ACT RELATIVE TO THE INSURERS INSOLVENCY FUND.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 1 of chapter 175D of the General Laws, as appearing in the 2000
Official Edition, is hereby amended by striking out
and inserting in place thereof the
(6) "Net direct written premiums", direct gross premiums written in the
on insurance policies to which this chapter applies, less return premiums
and dividends paid or credited to policy holders on such direct business.
written by any insurer on policies issued to self-insurers, whether or not
designated reinsurance contracts, shall be deemed net direct written premiums.
workers' compensation policies issued with deductibles under
of section 25A of chapter 152, net direct written premiums
shall be deemed to be an amount equal to standard premium plus any applicable
risk adjustment program amounts.