Mass. Gen. Laws ch. 175 § 93A

Current through Chapter 223 of the 2024 Legislative Session
Section 175:93A - Miscellaneous companies; issuance of policies

No policy shall be issued by a mutual company formed to transact business under the seventh, eighth, ninth, tenth, twelfth or thirteenth clause of section forty-seven until it has secured applications for insurance upon not less than two hundred separate risks in the commonwealth against the hazards specified in said clause, the premiums on which shall amount to not less than twenty-five thousand dollars.

Mass. Gen. Laws ch. 175, § 93A