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In Massachusetts, adhering to state car insurance laws is a legal necessity for all drivers. These laws mandate a minimum level of coverage, ensuring both compliance with the law and some degree ...
If you are found guilty of driving without insurance in Massachusetts, you could receive a fine between $500 and $5,000, according to state laws. If you get caught driving without insurance ...
These premium increase do not reflect actual resident experience particularly in the merged market because Massachusetts regulations allow age and other rating factors (e.g., even if premiums were held flat for 55-year-olds living on Cape Cod in construction work from year to year, the 55-year-old in 2009 would pay 10% more in 2010 for the same ...
Massachusetts enacted the first state law requiring insurance companies to maintain adequate reserves in 1837. Formal regulation of the insurance industry began in earnest when the first state commissioner of insurance was appointed in New Hampshire in 1851.
Updates to the CMR are published in the bi-weekly Massachusetts Register from the Massachusetts Secretary of the Commonwealth. The Code is organized by executive cabinet agency. In citations, the number before the "CMR" refers to the issuing agency, and the numbers thereafter refer to a specific chapter or section. [1]
Gap insurance in Massachusetts is supplemental coverage — it is not required by law, but you have the option of adding it. Although it is not a legal requirement, your lender or lessor may ...
The Massachusetts Register is the bi-weekly publication that contains new and amended (permanent and emergency) regulations, notices of hearings and comment periods, notices of public interest, executive orders by the governor, attorney general opinions, a cumulative table of changes to regulations published during the current calendar year ...
The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent.