The primary mission of the Division of Insurance is to monitor the solvency of its licensees in order to promote a healthy, responsive and willing marketplace for consumers who purchase insurance products.
The Massachusetts Division of Insurance is part of the U.S. insurance regulatory framework which is a highly coordinated state-based national system designed to protect policyholders and to serve the greater public interest through the effective regulation of the U.S. insurance marketplace. Through the National Association of Insurance Commissioners (NAIC), U.S. insurance regulators, establish national standards and best practices, conduct peer reviews and coordinate their regulatory oversight to better protect the interests of consumers while ensuring a strong, viable insurance marketplace. U.S. insurance regulators also participate in the International Association of Insurance Supervisors (IAIS) along with the NAIC by participating in all its major standard setting initiatives, including working with fellow regulators from around the world to better supervise cross-border insurers, identifying systemic risk in the insurance sector, and creating international best practices.
The Division's most current information regarding Risk-Bearing Provider Organizations, including regulations, guidelines, application forms and a list of entities which have received waivers, can be found here. From time to time new documents may be added or certain documents may be amended to reflect changes in law, regulation or practice.
ESTIMATING WHAT YOUR HEALTH CARE MAY COST: A NEW TOOL
Determining the cost of a treatment or procedure can be a mysterious or baffling process for consumers. Since reforming its health insurance marketplace in 2006, Massachusetts has been committed to price transparency and affordable health care for all; to meet those goals, Chapter 224 of the Acts of 2012 makes it mandatory that health insurance carriers provide individualized information regarding the estimated or maximum allowed charge for a proposed service as well as the estimated amount a member may be responsible to pay out-of-pocket. These estimates are to be based on information available to the member's insurance company at the time the consumer requests the estimate.
A chart found here details the current phone numbers and website addresses for each company's cost estimator program.
The Division of Insurance has updated Surplus Lines filing forms for Calendar year 2014 and adopted new procedures for filing Form BR-7 Affidavit By Insured (effective January 1, 2014)
The Board of Appeal has posted its April Hearing Schedule
Division of Insurance Online Services
- Licensing Requirements
- Forms and Applications
- Fee Schedules
- Resident Producer Continuing Education Announcement
- Merged Market Rate Filing Overview - March 5, 2014 (updated) file size 1MB
- Group Products
- Commercial Buyers
- Insurance Listings
- Qualified Associations and Group Purchasing Cooperatives
- Regulatory Information
Better Rates for Better DriversMassachusetts is now allowing auto insurers to compete for good drivers, giving consumer more choices than ever before. Competition results in better rates for better drivers across the Commonwealth. You can use our premium comparison website to see examples from each company and the range of premiums you could see if you shop around. When you are ready to actually shop for automobile insurance, use our step by step auto insurance shopping checklist. Print your copy HERE .
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