Mass. Gen. Laws ch. 175A, § 17
Agreements and rate modifications; commissioner's approval
Massachusetts · Massachusetts General Laws Chapter 175A — Regulation of Rates for Certain Casualty Insurance, Including Fidelity, Surety and Guaranty Bonds, and for All Other Forms of Motor Vehicle Insurance, and Regulation of Rating Organizations · Status: effective
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- Mass. Gen. Laws ch. 175A, § 17, Agreements and rate modifications; commissioner's approval, Massachusetts, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1557765
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Full text
Section 17. Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to, but who are unable to, procure such insurance through ordinary methods and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, such agreements and rate modifications to be subject to the approval of the commissioner.