612 chapters · 23,756 sections of codified Massachusetts statutes.
Mass. Gen. Laws ch. 152, § 25P Refunds
0.6K chars
Section 25P. Any monies for a fund year in excess of the amount necessary to fund all obligations for such fund year may be declared to be refundable by the board of trustees not less than six months after the end of the fund year. Each member shall be given a written description…
Mass. Gen. Laws ch. 152, § 25Q Premium payment plans; loss reserves; bad debt reserves
1.1K chars
Section 25Q. (1) Each group shall establish with the approval of the commissioner of insurance a premium payment plan which shall include an initial payment by each member of at least twenty-five per cent of that member's annual premium before the start of the group's fund year a…
Mass. Gen. Laws ch. 152, § 25R Deficiencies; assessments; liquidation of groups
2.0K chars
Section 25R. If the assets of a group are at any time insufficient to enable the group to discharge its legal liabilities and other obligations and to maintain the reserves required of it under this chapter, it shall forthwith make up the deficiency or levy an assessment on its m…
Mass. Gen. Laws ch. 152, § 25S Penalties
0.6K chars
Section 25S. After notice and opportunity for a hearing, the commissioner of insurance may impose a monetary penalty on any person or group found to be in violation of any of the provisions of sections twenty-five E to twenty-five U, inclusive, or of any rules or regulations prom…