As the regulator of the insurance industry in Massachusetts, the Division of Insurance examines, collects and presents a number of reports and supporting data relating to the insurance industry. This data tells the story of our insurance market and how we examine the financial health of insurance companies to increase consumer protection.
Insurance Industry Info
Here find guidance and checklists on policy form filing and information on industry assessments for the current fiscal year.
Here find filing guidelines for Health Maintenance Organizations (HMOS), membership and utilization reports and a list of accredited health insurance carriers in Massachusetts
Insurance companies are statutorily required to undergo comprehensive financial examinations every five years. Financial examiners from the Division of Insurance provide on-site accounting and auditing of the financial conditions of companies. Upon completing an exam, a report is issued.
The Market Conduct Unit performs examinations and market analysis reviews of insurance carriers to ensure the fair treatment of policyholders. These reviews often involve several states and result in fines or consumer restitution.
Chapter 219 of the Acts of 2018, §32 requires licensed/admitted companies that write homeowners, condominium and renters coverage to provide certain dog claim information consisting of three annual reports due in 2020, 2021 and 2022. Each statutory annual report represents certain dog claim data from the previous calendar year 2019, 2020 and 2021 respectively. The first annual report will be due April 1, 2020 for calendar year 2019. The second annual report will be due April 1, 2021 for calendar year 2020. The third and final annual report will be due April 1, 2022 for calendar year 2021.
The instructions and the data collection template can be found here.