Mass. Gen. Laws ch. 175 § 2

Current through Chapter 89 of the 2024 Legislative Session
Section 175:2 - Insurance contract; definition

A contract of insurance is an agreement by which one party for a consideration promises to pay money or its equivalent, or to do an act valuable to the insured, upon the destruction, loss or injury of something in which the other party has an interest.

Mass. Gen. Laws ch. 175, § 2