Massachusetts General Laws
Chapter 175d - Massachusetts Insurers Insolvency Fund
Section 13 - Rates and Premiums for Policies to Which This Chapter Applies; Sufficiency to Recoup Amounts Paid to Fund

Section 13. The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup over a reasonable length of time a sum equal to the amounts paid to the Fund by the insurer less any amounts returned to the insurer by the Fund.

Structure Massachusetts General Laws

Massachusetts General Laws

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