Section 3. There is hereby created a nonprofit unincorporated legal entity to be known as the Massachusetts Insurers Insolvency Fund consisting of all insurers. The Fund shall perform its functions under a plan of operation established and approved under section six, and shall exercise its powers through a board of directors.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 175d - Massachusetts Insurers Insolvency Fund
Section 2 - Application of Chapter
Section 3 - Massachusetts Insurers Insolvency Fund
Section 4 - Board of Directors
Section 5 - Powers and Duties of Fund
Section 7 - Powers and Duties of Commissioner
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 14 - Liability for Reports or Recommendations by Fund
Section 15 - Stay of Pending Court Proceedings Involving Insolvent Insurer as Party; Defense by Fund
Section 17 - High Net Worth Insureds; Payment of Claims; Financial Information