reglab/housing_qa huggingface dataset:
MA Gen L ch 175 § 94h (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 94h - Required Amount of Assets, Surplus and Reserve Maintained in Hands of Attorney in Fact; Applicability of Other Laws to Exchanges

Section 94H. There shall be maintained at all times in the hands of the attorney in fact, or trustees duly authorized for that purpose, assets in cash or securities equal to all outstanding claims and liabilities, including a reserve liability on contracts in force, that is premium reserve, calculated on the same basis as for mutual companies transacting the same kinds of business, except that during the provisional certifying period specified in section ninety-four D, said premium reserve shall be prorated to an amount commensurate with the number of contracts held and claims outstanding. There shall also be maintained as a surplus any additional sum necessary to meet the standards of solvency required of mutual companies transacting the same kinds of business which, in the case of exchanges, shall in no event be less than two hundred thousand dollars. Such surplus shall, in the case of a domestic exchange, be in cash or invested according to the laws applicable to the investment of the surplus of mutual companies transacting the same kinds of business. The attorney in fact or the subscribers may make deposits to maintain the surplus at the required amount, which shall be made upon condition that they shall not be repaid to the depositor until such time as repayment thereof will not reduce the surplus below the required amount. Exchanges shall be subject to section five, section twenty-three A and section one hundred and fifty-six A.
MA Gen L ch 175 § 94i (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 94i - Annual Reporting by Reciprocal Insurance Exchange; Examination of Affairs of Exchange by Commissioner

Section 94I. A reciprocal insurance exchange shall not be required to make any annual report, except as provided in this section. Every reciprocal insurance exchange shall file annually, on or before March first, or sixty days from such date authorized by the commissioner, with the commissioner a report of its financial condition, verified by oath of its attorney in fact, or in the instance that said attorney in fact is a corporation than by a duly authorized executive officer. The annual statement shall be prepared in accordance with section 25. At least once in three years, and at other times when the commissioner determines it to be prudent, said commissioner or his designee shall visit each reciprocal insurance exchange, and examine its affairs to ascertain its financial condition, its ability to fulfill its obligations and whether it has complied with the provisions of this chapter. The commissioner, upon application and in his discretion, may enlarge the aforesaid three year period to five years; provided, however, that said reciprocal insurance exchange is subject to a comprehensive annual audit during such period of a scope satisfactory to the commissioner conducted by independent auditors approved by him. The expenses and charges of the examination shall be paid to the commonwealth by the company or companies examined, and the commissioner or his designee shall issue a certificate demanding payment for the proper charges incurred in all examinations.
MA Gen L ch 175 § 94k (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 94k - Advisory Committee

Section 94K. An advisory committee or other similar committee or board, composed of not less than three subscribers, shall be elected or appointed by each exchange in the manner provided by the power of attorney, which committee or board shall have the authority and duties provided therein. Notwithstanding the provisions of any general or special law to the contrary, no member of the advisory committee shall be subject to an action for libel or slander arising out of the conduct of such member in the reasonable performance of his duties.
MA Gen L ch 175 § 94l (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 94l - Power of Attorney

Section 94L. A true copy of the power of attorney executed by any subscriber shall be furnished him by the attorney in fact at the time of the signing thereof.
MA Gen L ch 175 § 94m (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 94m - Unused Premium Deposits

Section 94M. All unused or unabsorbed portions of premium deposits at exchanges returned or credited to subscribers shall be subject to all provisions of this chapter and chapter one hundred and fifty-two relating to the payment of dividends by mutual companies including therein the provisions of sections eighty, one hundred and thirteen B, one hundred and eighty-two, one hundred and eighty-three and one hundred and eighty-four of this chapter and section fifty-three of said chapter one hundred and fifty-two relating to rates of return, classifications and rebates, except that the amount of the unused or unabsorbed portion of the premium deposit credited or returned to the subscriber shall be determined under the terms and conditions of the power of attorney or subscriber's agreement.
MA Gen L ch 175 § 95 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 95 - Fire Insurance Policy of Amount Exceeding Fair Value of Property or for Term of Longer Than Seven Years Prohibited

Section 95. No company, and no officer or agent thereof, and no insurance broker shall knowingly issue, negotiate, continue or renew or cause or permit to be issued, negotiated, continued or renewed any fire insurance policy upon property or interests within the commonwealth of an amount which, with any existing insurance thereon, exceeds the fair value of the property, nor for a longer term than seven years.
MA Gen L ch 175 § 95a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 95a - Requirement of Fire Insurance Policy Exceeding Amount of Outstanding Mortgage Prohibited

Section 95A. No company, and no officer or agent thereof, and no insurance broker shall require an owner of residential property occupied by the insured to continue or renew a fire insurance policy on said property which exceeds the amount of the outstanding mortgage thereon.
MA Gen L ch 175 § 95b (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 95b - Discrimination Against Abuse Victim in Any Term or Condition of Residential Property Insurance Policy Prohibited

Section 95B. No company, and no officer or agent thereof, and no insurance broker, shall cancel, refuse to issue or renew, or in any way make or permit any distinction or discrimination in the amount or payment of premiums or rates charged, in the length of coverage, or in any other of the terms and conditions of a residential property insurance policy upon property within the commonwealth based upon information that an applicant or policy owner, or any member of their family, has been a victim of abuse as defined in section one of chapter two hundred and nine A. No company, and no officer or agent thereof, and no insurance broker shall seek information that such person has been a victim of abuse as defined by said section one of said chapter two hundred and nine A. The practices prohibited under this section shall include not only those overtly discriminatory but also practices and devices which are fair in form but discriminatory in practice. Nothing in this section shall be construed as creating a special class of insureds who have been victims of abuse as defined by said section one of said chapter two hundred and nine A. Any violation of this section shall constitute an unfair method of competition or an unfair or deceptive act or practice in violation of chapters ninety-three A and one hundred and seventy-six D.
MA Gen L ch 175 § 96 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 96 - Fire Loss; Limitation on Liability Beyond Actual Value of Insured Property; Reimbursement of Premium Paid on Amount in Excess of Actual Value

 Section 96. If buildings within the commonwealth insured against loss by fire are totally destroyed by fire, the company shall not be liable beyond the actual value of the insured property at the time of the loss or damage; and if it shall appear that the insured has paid premiums on an amount in excess of said actual value, he shall be reimbursed the proportionate excess of premiums paid on the difference between the amount named in the policy and said actual value, with interest at six per cent per annum from the date of issue; and said excess of premiums and interest thereon shall be allowed the insured from the time any companies carrying said insurance at the time of the loss have continuously carried the insurance on the destroyed buildings, whether under policies existing at the time of the loss or under previous policies in the same companies.
MA Gen L ch 175 § 96a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 96a - Loss of Use or Occupancy; Limitations

Section 96A. Neither insurance authorized under the provisions of clause seventeenth of section forty-seven nor insurance against loss of use or occupancy shall be subject to the limitations as to value contained in sections ninety-five, ninety-six, ninety-nine, one hundred and two A and one hundred and two B.
MA Gen L ch 175 § 97 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 97 - Payment to Mortgagees Under Fire Insurance Policy

Section 97. If, by the terms of a fire insurance policy insuring a mortgagor, the whole or any part of the loss thereon is payable to mortgagees of the property, the company shall, upon satisfactory proof of the rights and title of the parties, in accordance with such terms, pay all mortgagees protected by such policy in the order of their priority of claim as their claim shall appear, not beyond the amount for which the company is liable, and such payment shall be to the extent thereof payment and satisfaction of the liability of the company under such policy. A fire insurance policy when it is issued, or by means of an endorsement thereon or a rider attached thereto, may be made payable to a mortgagee or mortgagees as their interests may appear under any present or future mortgage or mortgages. Nothing herein contained shall prevent policies being made payable to a mortgagee or mortgagees in any other lawful manner.
MA Gen L ch 175 § 97a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 97a - Claims for Loss or Damage to Real Property in Amount Greater Than Five Thousand Dollars; Priority of Claims of City or Town for Payment of Municipal Liens

 Section 97A. Notwithstanding any provision to the contrary of any general or special law, every company shall, before paying any claim for loss or damage to real property from any hazard, where the amount of the loss payable under the policy equals or exceeds five thousand dollars, first require the claimant to submit to the company a certificate of municipal liens from the collector of taxes of the city or town wherein such property is located.   Said company shall pay to the city or town any amounts shown on the certificate of municipal liens as outstanding on the date of loss and upon which interest is accruing as of the said date of loss, arising from the provisions of chapters forty, fifty-nine, sixty, eighty, eighty-three and section fifty-eight B to fifty-eight F, inclusive, of chapter one hundred and sixty-four to the extent of the amount of loss payable under the policy and a copy of said transaction shall be sent to the insured and mortgagees named on the policy.   The claim of the city or town for such amounts shall have priority over the claim of any insured owner, mortgagee, assignee or other interested party except where otherwise provided by the laws of the United States.   Said company shall not be liable to any insured owner, mortgagee, assignee, city or town, or other interested party for amounts disbursed to a city or town under this section or for amounts not disbursed to said city or town based upon a certificate indicating the nonexistence of any municipal liens.   The provisions of this section shall not apply to owner-occupied one, two, three or four family dwellings, provided, however, that the owners of said dwellings must be domiciled in said dwellings at the time the claim for loss or damage arose.
MA Gen L ch 175 § 98 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 98 - Application for Fire Insurance

 Section 98. Every applicant for insurance against loss or damage to a building by fire shall complete a form to be prescribed by the commissioner. The application form may vary according to the type of coverage sought. It shall require from the applicant sufficient information relative to the insured property to determine the actual cash value and the actual ownership of the property. The application form shall be completed prior to the initial issuance of a policy, upon an addition or modification of the policy with respect to the named insured or mortgagee, or when the coverage under the terms of the policy is increased by more than twenty-five per cent. The application shall, insofar as it materially relates to the obligations stated in the contract, be considered a part of the contract.   The by-laws of the company shall not be considered as a warranty or a part of the contract except so far as they are incorporated in full in the policy as provided in clause Ninth of section ninety-nine.   This section shall not apply to owner occupied dwellings of four units or less, to buildings owned and insured by the commonwealth or its political subdivisions, to highly protected risks, to non-income producing seasonal dwellings, or to builders risk policies.   For the purpose of this section the words "highly protected risk" shall mean a fire resistive building which meets the highest standards of fire safety according to insurance company underwriting requirements, and "builders risk policies" shall mean policies which insure against loss to buildings in the course of construction.   Nothing in this section shall prohibit the issuance of a written memorandum of a preliminary contract of insurance, for a period no longer than thirty days, pending the approval of the application form, for the issuance of such a policy.
MA Gen L ch 175 § 99a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 99a - Loss or Damage Caused by Nuclear Reaction, Nuclear Radiation or Radioactive Contamination

 Section 99A. Insurers issuing the standard policy pursuant to section ninety-nine are authorized to affix thereto or include therein a written statement that the policy does not cover loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination, all whether directly or indirectly resulting from an insured peril under said policy; provided, however, that nothing herein contained shall be construed to prohibit the attachment to any such policy of an endorsement or endorsements specifically assuming coverage for loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination; however, subject to the foregoing and all provisions of the said policy, direct loss by fire resulting from nuclear reaction, or nuclear radiation or radioactive contamination is insured against by such policy.
MA Gen L ch 175 § 99c (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 99c - Sailmaker Shops; Insurance Against Damage or Loss by Fire or Fire and Lightning

Section 99C. There shall be established a separate classification for sailmaker shops for companies issuing policies or contracts which insure against loss or damage by fire or by fire and lightning to property or interests in the commonwealth.
MA Gen L ch 175 § 100 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 100 - Reference of Amount of Loss Under Policy of Fire Insurance to Referees; Selection of Referees

Section 100. If a claim is presented under any policy of fire insurance issued on property or interests in the commonwealth in the standard form set forth in the preceding section, and if the parties fail to agree as to the amount of loss, the company shall, within ten days after receiving a written demand from the insured for the reference of the amount of loss to three referees as provided in such policy, submit in writing the names and addresses of three persons to the insured, who shall, within ten days after receiving such names, notify the company in writing of his choice of one of the said persons to act as one of said referees. The insured shall submit in writing the names and addresses of three persons to the company, which shall, within ten days after receiving such names, notify the insured in writing of its choice of one of said persons to act as one of said referees. If, at the expiration of ten days from the choice of the second referee, the two referees chosen as hereinbefore provided, shall not have agreed upon and selected a person to act as the third referee, then either of the said referees or parties may make written application on oath to the commissioner in such form as he may prescribe, for the appointment of the third referee and the commissioner shall, after such summary inquiry or hearing, if any, as he may deem expedient, appoint a person to serve as the third referee and shall notify such person and the parties in writing of such appointment.
MA Gen L ch 175 § 100a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 100a - Reference of Amount of Loss Under Policy of Fire Insurance to Referees; Appointment of Replacement Referee

Section 100A. If, before an award is determined upon by the referees, any referee, including a referee appointed under this section, dies, resigns, is incapacitated, removes from the commonwealth or for any other reason is unable or refuses to serve, the company, if such referee was chosen by the insured, or the insured, if such referee was chosen by the company, or the company, the insured or the two referees chosen by the insured and the company, if such referee is a third referee chosen by the said two referees, or the company, the insured or either of said two referees, if such referee is the third referee appointed by the commissioner, shall forthwith make written application on oath to the commissioner in such form as he may prescribe for the appointment of another referee. The application, unless it seeks the appointment of a third referee to succeed a third referee appointed by the commissioner, shall specify the full names and addresses of three persons. The commissioner shall, after such summary inquiry or hearing, if any, as he may deem expedient, appoint a referee to fill the vacancy, but if the application specifies names as aforesaid, he shall appoint one of the persons so specified. The commissioner shall give written notice of the appointment to the appointee, to the parties and to the other referees. Nothing in this section shall be construed to prohibit the insured and the company from filling any vacancy by mutual agreement.
MA Gen L ch 175 § 100b (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 100b - Reference of Amount of Loss Under Policy of Fire Insurance to Referees; Qualification of Referee

Section 100B. Every person nominated, specified or appointed under either of the two preceding sections shall be disinterested, a resident of the commonwealth and willing to act as referee. Service as referee for either party within four months prior to the date of nomination or specification for appointment, or, in case of a third referee chosen by the two referees, the date of the choice of the second referee, or, if appointed by the commissioner without specification, the date of application for appointment, shall be a disqualification for nomination, specification or appointment as aforesaid, unless with the written consent of the insured in case of a referee nominated by the company, of the company in case of a referee nominated by the insured, and of both in case of a third referee. No person shall be specified in an application to the commissioner who has been previously nominated by either party in connection with the reference proceedings to which the application relates.
MA Gen L ch 175 § 101 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 101 - Reference of Amount of Loss Under Policy of Fire Insurance to Referees; Timing of Hearing

Section 101. The referees chosen, selected or appointed under section one hundred or one hundred A shall within ten days after the selection or appointment of the third referee meet to hear the evidence in the case. They may adjourn the hearing from time to time but not more than one week shall elapse between hearings except by unanimous agreement of said referees.
MA Gen L ch 175 § 101a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 175 - Insurance|Section 101a - Reference of Amount of Loss Under Policy of Fire Insurance to Referees; Publication and Delivery of Award

Section 101A. The referees shall reduce their award to writing and execute it in duplicate. The third referee shall forthwith publish the same by delivering one of the duplicates to the company, and one to the insured, but the same may be published in any other lawful manner.