Chapter 176F

Section 1. In this chapter the following words shall have the following meanings: ''Commissioner'', the commissioner of insurance. ''Covered dependent'', a dependent for whose optometric care provision is made in a subscription certificate issued by an optometric service corporat…

Section 10. The funds of an optometric service corporation shall be invested only in such securities as are permitted by chapter one hundred and seventy-five for the investment of the capital of insurance companies, or it may deposit the whole or any portion of its funds in any s…

Section 11. Unless each such payment is first authorized by a vote of its board of directors, no optometric service corporation shall pay any salary, compensation or emolument to any officer, trustee or director thereof, or any salary, compensation or emolument to any person amou…

Section 12. Any dispute or controversy arising between an optometric service corporation and any participating optometrist, or any subscriber, or any person whose subscription certificate has been canceled or to whom such corporation has refused to issue such certificate may with…

Section 13. If the commissioner is satisfied, as to any optometric service corporation, that (1) it has failed to comply with the provisions of its charter, or (2) it is being operated for profit, or (3) it is fraudulently conducted, or (4) its condition is such as to render its …

Section 14. Every optometric service corporation is hereby declared to be a charitable corporation. No such corporation shall be liable for injuries resulting from negligence or malpractice on the part of any participating optometrist, nor shall it be liable for the cost of optom…

Section 2. For the purpose of establishing, maintaining and operating a non-profit optometric service plan, seven or more persons may form an optometric service corporation. Such a corporation shall be formed in the manner prescribed in and subject to section nine of chapter one …

Section 3. The by-laws of an optometric service corporation may contain any lawful provisions approved by the commissioner and shall provide that a majority of the directors shall at all times be persons approved in writing by an optometric society incorporated in the commonwealt…

Section 4. Any optometric service corporation may enter into contracts with its subscribers and with participating optometrists for the rendering of optometric service to the subscribers. A contract with a subscriber may provide for the optometric care of any dependents of the su…

Section 4A. An optometric service corporation may enter into contracts with any company authorized to write accident and health policies in the commonwealth pursuant to sections one hundred and eight to one hundred and eleven, inclusive, of chapter one hundred and seventy-five, o…

Section 5. Any person residing in the commonwealth shall have the right to become a subscriber of an optometric service corporation if his qualifications meet those specified in the by-laws of such corporation, provided that such a corporation may, in its discretion, refuse to is…

Section 6. A subscription certificate shall be issued to each subscriber of an optometric service corporation. Any agreement between an optometric service corporation and a group of ten or more persons or with the employer, employers or other representatives of such group whereby…

Section 7. Every registered optometrist shall have the right, on complying with such rules and regulations as the corporation may make, to enter into a written agreement with an optometric service corporation, doing business in the city or town where the said optometrist resides …

Section 8. Every optometric service corporation shall annually, on or before the first day of March, file in the office of the commissioner, a statement, verified by at least two of the principal officers of said corporation, showing its condition as of the thirty-first day of De…

Section 8A. Notwithstanding any general or special law to the contrary, chapter 176V shall apply to an optometric service corporation governed by this chapter.

Section 8B. Notwithstanding any general or special law to the contrary, chapter 176W shall apply to an optometric service corporation governed by this chapter.

Section 9. The commissioner, or any deputy examiner or any other person designated by the commissioner, shall, at least once in three years, and whenever the commissioner deems it prudent, visit any optometric service corporation and examine into its affairs. The commissioner sha…