| Date: | 08/29/2016 |
|---|---|
| Organization: | Division of Insurance |
| Regulatory Authority: |
MGL c. 175, §§ 3A, 5, 22C, 22E, 22H, 113F, 113H, 151, 163, 187B, 187C, 187D, 193P MGL c. 176D |
| Official Version: | Purchase the official print version |
211 CMR 54.00 governs the administrative process by which an insurer or group of insurers authorized to write motor vehicle insurance may initiate the process of surrendering or non-renewing any or all licenses to engage in the business of insurance in the Commonwealth, in order to prevent or limit massive market disturbance and to preserve the rights of existing policyholders and others affected, while permitting insurers to phase out their business in an orderly fashion and consistently with the satisfaction of their obligations under applicable laws.
Download a PDF copy of the regulation below.