reglab/housing_qa huggingface dataset:
MA Gen L ch 176v § 8 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176v - Own Risk and Solvency Assessment|Section 8 - Failure to Timely File Orsa Summary Report; Penalty

Section 8. Any insurer failing, without just cause, to timely file the ORSA summary report as required in this chapter shall be required, after notice and hearing, to pay a penalty of $500 for each day the report is delayed, to be recovered by the commissioner. The maximum penalty pursuant to this section shall be $10,000. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
MA Gen L ch 176v § 9 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176v - Own Risk and Solvency Assessment|Section 9 - Rulemaking

Section 9. The commissioner may, pursuant to chapter 30A, upon notice and opportunity for all interested parties to be heard, promulgate such rules, regulations and orders as shall be necessary to carry out this chapter.
MA Gen L ch 176w § 1 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 1 - Definitions

Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:—  ''Commissioner'', the commissioner of insurance.  ''Corporate Governance Annual Disclosure (CGAD)'', a confidential report filed by the insurer or insurance group made in accordance with the requirements of this chapter.  ''Corporate Governance Annual Disclosure Model Regulation'', the current version of the Corporate Governance Annual Disclosure Model Regulation developed and adopted by the NAIC and as amended from time to time. A change in the Corporate Governance Annual Disclosure Model Regulation shall be effective on the January 1 following the calendar year in which the changes have been adopted by the NAIC.  ''Division'', the division of insurance.  ''Insurance group'', those insurers and affiliates included within an insurance holding company system as defined in section 206 of chapter 175; health maintenance organizations and affiliates included within a health maintenance organization holding company system, as defined in section 1 of chapter 176G; workers compensation self-insurance groups and their affiliates organized pursuant to sections 25E to 25U, inclusive, of chapter 152; fraternal benefit societies and their affiliates organized pursuant to chapter 176; non-profit hospital service corporations and their affiliates organized pursuant to chapter 176A; medical service corporations and their affiliates organized pursuant to chapter 176B; dental service corporations and their affiliates organized pursuant to chapter 176E; optometric service corporations and their affiliates organized pursuant to chapter 176F; insured legal services plans and their affiliates organized pursuant to chapter 176H; and limited societies and their affiliates organized pursuant to chapter 176P.  ''Insurer'', the same meaning as in section 1 of chapter 175; workers compensation self-insurance groups organized pursuant to sections 25E to 25U, inclusive, of chapter 152; fraternal benefit societies organized pursuant to chapter 176; non-profit hospital service corporations organized pursuant to chapter 176A; medical service corporations organized pursuant to chapter 176B; dental services corporations organized pursuant to chapter 176E; optometric service corporations organized pursuant to chapter 176F; health maintenance organizations organized pursuant to chapter 176G; insured legal services plans organized pursuant to chapter 176H; and limited societies organized pursuant to chapter 176P; except that ''insurer'' shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state.  ''NAIC'', the National Association of Insurance Commissioners.  ''ORSA summary report'', the report filed in accordance with chapter 176V.
MA Gen L ch 176w § 2 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 2 - Disclosure Requirement

Section 2. (a) An insurer, or the insurance group of which the insurer is a member, shall, no later than June 1 of each calendar year, submit to the commissioner a CGAD that contains the information described in subsection (a) of section 4. Notwithstanding any request from the commissioner made pursuant to subsection (c), if the insurer is a member of an insurance group, the insurer shall submit the report required by this section to the commissioner of the lead state for the insurance group, in accordance with the laws of the lead state, as determined by the procedures outlined in the most recent Financial Analysis Handbook adopted by the NAIC.  (b) The CGAD shall include a signature of the insurer's or insurance group's chief executive officer or corporate secretary attesting to the best of that individual's belief and knowledge that the insurer has implemented the corporate governance practices and that a copy of the disclosure has been provided to the insurer's board of directors or the appropriate committee thereof.  (c) An insurer not required to submit a CGAD under this section shall do so upon the commissioner's request.  (d) For purposes of completing the CGAD, the insurer or insurance group may provide information regarding corporate governance at the ultimate controlling parent level, an intermediate holding company level or the individual legal entity level, depending upon how the insurer or insurance group has structured its system of corporate governance. The insurer or insurance group is encouraged to make the CGAD disclosures at the level at which the insurer's or insurance group's risk appetite is determined, or at which the earnings, capital, liquidity, operations and reputation of the insurer are overseen collectively and at which the supervision of those factors are coordinated and exercised, or the level at which legal liability for failure of general corporate governance duties would be placed. If the insurer or insurance group determines the level of reporting based on these criteria, it shall indicate which of the 3 criteria was used to determine the level of reporting and explain any subsequent changes in the level of reporting.  (e) The review of the CGAD and any additional requests for information shall be made through the lead state as determined by the procedures within the most recent Financial Analysis Handbook adopted by the NAIC referenced in subsection (a).  (f) Insurers providing information substantially similar to the information required by this chapter in other documents provided to the commissioner, including proxy statements filed in conjunction with Form B requirements pursuant to section 206C of chapter 175, or other state or federal filings provided to the division, shall not be required to duplicate that information in the CGAD, but shall only be required to cross reference the document in which the information is included.
MA Gen L ch 176w § 3 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 3 - Rules and Regulations

Section 3. The commissioner may, upon notice and opportunity for all interested persons to be heard, issue such rules, regulations and orders as shall be necessary to carry out the provisions of this chapter.
MA Gen L ch 176w § 4 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 4 - Contents of Corporate Governance Annual Disclosure

Section 4. (a) The insurer or insurance group shall have discretion over the responses to the CGAD inquiries, provided the CGAD shall contain the material information necessary to permit the commissioner to gain an understanding of the insurer's or group's corporate governance structure, policies and practices. The commissioner may request additional information that he or she deems material and necessary to provide the commissioner with a clear understanding of the corporate governance policies, the reporting or information system or controls implementing those policies.  (b) Notwithstanding subsection (a) of this section, the CGAD shall be prepared consistent with the NAIC Corporate Governance Annual Disclosure Model Regulation, subject to the requirements of this chapter. Documentation and supporting information shall be maintained and made available upon examination or upon request of the commissioner.
MA Gen L ch 176w § 6 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 6 - Naic and Third-Party Consultants

Section 6. (a) The commissioner may retain, at the insurer's expense, third-party consultants, including attorneys, actuaries, accountants and other experts not otherwise a part of the commissioner's staff as may be reasonably necessary to assist the commissioner in reviewing the CGAD and related information or the insurer's compliance with this chapter.  (b) Any persons retained under subsection (a) shall be under the direction and control of the commissioner and shall act in a purely advisory capacity.  (c) The NAIC and Third-party consultants shall be subject to the same confidentiality standards and requirements as the commissioner.  (d) As part of the retention process, a third-party consultant shall verify to the commissioner, with notice to the insurer, that it is free of a conflict of interest and that it has internal procedures in place to monitor compliance with a conflict and to comply with the confidentiality standards and requirements of this chapter.  (e) A written agreement with the NAIC or a third-party consultant governing sharing and use of information provided pursuant to this chapter shall contain the following provisions and expressly require the written consent of the insurer prior to making public information provided under this chapter:  (i) specific procedures and protocols for maintaining the confidentiality and security of CGAD-related information shared with the NAIC or a third-party consultant pursuant to this chapter;  (ii) procedures and protocols for sharing by the NAIC only with other state regulators from states in which the insurance group has domiciled insurers. The agreement shall provide that the recipient agrees in writing to maintain the confidentiality and privileged status of the CGAD-related documents, materials or other information and has verified in writing the legal authority to maintain confidentiality;  (iii) a provision specifying that ownership of the CGAD-related information shared with the NAIC or a third-party consultant shall remain with the division and the NAIC's or third-party consultant's use of the information is subject to the direction of the commissioner;  (iv) a provision that prohibits the NAIC or a third-party consultant from storing the information shared pursuant to this chapter in a permanent database after the underlying analysis is completed;  (v) a provision requiring the NAIC or third-party consultant to provide prompt notice to the commissioner and to the insurer or insurance group regarding any subpoena, request for disclosure, or request for production of the insurer's CGAD-related information; and  (vi) a requirement that the NAIC or a third-party consultant consent to intervention by an insurer in any judicial or administrative action in which the NAIC or a third-party consultant may be required to disclose confidential information about the insurer shared with the NAIC or a third-party consultant pursuant to this chapter.
MA Gen L ch 176w § 7 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 7 - Sanctions

Section 7. Any insurer failing, without just cause, to timely file the CGAD as required pursuant to this chapter shall, after notice and hearing, be subject to a penalty of $500 for each day of delay, to be recovered by the commissioner. The maximum penalty under this section shall be $10,000. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
MA Gen L ch 176w § 8 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 176w - Corporate Governance Annual Disclosure|Section 8 - Severability

Section 8. If any provision of this chapter except for section 5, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this chapter which can be given effect without the invalid provision or application, and to that end the provisions of this chapter, except for section 5, shall be severable.
MA Gen L ch 179 § 1 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 1 - Issuance of Warrant for Meeting Upon Application of Proprietors of Lands, Wharves or Other Real Estate Held in Common to Organize as Corporation

Section 1. Upon written application of five or more proprietors of lands, wharves or other real estate held in common to a justice of the peace, stating that they intend to organize themselves as a corporation, he shall issue his warrant to one of the applicants, directing him to call a meeting of all the proprietors and expressing in the warrant the time, place, occasion and purpose of the meeting.
MA Gen L ch 179 § 2 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 2 - Notice of Organizational Meeting

Section 2. The meeting shall be called by posting a notice containing the substance of the warrant, signed by the person to whom the warrant is directed, fourteen days at least before the meeting, in one or more public places in the town, and by publishing it in a newspaper, if any, published in the county where the estate lies; otherwise, in a newspaper published in an adjoining county.
MA Gen L ch 179 § 3 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 3 - Formation of Corporation; Selection of Officers; Certification of Organization

Section 3. At such meeting, by vote of a majority in number and interest of all of the proprietors, they may organize themselves as a corporation under this chapter; and they may thereupon choose a clerk, treasurer, collector and such committees and other officers as they deem necessary for the management of their affairs, and may agree upon and direct the manner of calling future meetings. Each officer chosen shall hold his office until his successor is qualified. The clerk, treasurer and collector shall forthwith make, sign and swear to a certificate setting forth the name of the corporation, its purpose, the town and county where it is located, the date of the meeting for organization and any adjournments thereof, and any other facts of importance contained in the proceedings of organization. The certificate and the record of the meeting, including any by-laws, shall be submitted to the state secretary, who shall examine them and who may require such amendments thereof or such additional information as he deems necessary. If he finds that the provisions of law relative to the organization of the corporation have been complied with, he shall endorse his approval on the certificate. The certificate shall, upon payment of a fee to be determined annually by the commissioner of administration under the provision of section three B of chapter seven, be filed in the office of the state secretary; otherwise, the organization shall be void.
MA Gen L ch 179 § 4 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 4 - Duties of Clerk

Section 4. The clerk shall be sworn, and shall record all votes, orders and proceedings of the proprietors in books which he shall keep for that purpose until they are delivered to the town clerk as hereinafter provided.
MA Gen L ch 179 § 5 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 5 - Duties of Treasurer

Section 5. The treasurer shall demand and receive all money due or belonging to the proprietors, shall sue for and recover in his own name to their use all fines and penalties incurred under sections seven and eight, shall pay out all money in his hands according to the order of the proprietors and shall, from time to time when required, render his accounts thereof.
MA Gen L ch 179 § 6 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 6 - Actions by and Against Corporations

Section 6. Such proprietors may sue and be sued as a body corporate; and an action brought by the corporation for trespass on the common property may be pleaded in abatement or answered in bar of an action for the same trespass brought by any of the proprietors in his individual capacity.
MA Gen L ch 179 § 7 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 7 - By-Laws; Annexation of Penalties

Section 7. They may make by-laws consistent with law for the orderly conducting of their business, with penalties for the breach thereof not exceeding three dollars for each offence; but by-laws with penalties annexed shall be approved by the county commissioners for the county where the estate lies.
MA Gen L ch 179 § 8 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 8 - Power of Moderator

Section 8. The moderator of a meeting of the proprietors shall have the same power as the moderator of a town meeting, except the power of confining a person or causing him to be removed from the meeting. Whoever resists or disobeys his orders shall be subject to the pecuniary penalties provided for the like offences at a town meeting.
MA Gen L ch 179 § 9 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 9 - Powers of Proprietors at Legal Meeting

Section 9. The proprietors may, at a legal meeting, exercise any of the powers granted to them in this chapter; but no business shall be acted on unless set forth in the notice for the meeting.
MA Gen L ch 179 § 10 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 10 - Voting Rights

Section 10. Each proprietor may vote according to the number of his shares or the amount of his interest, if known; and if not known, the proprietors shall vote equally. Absent proprietors may vote by written proxy.
MA Gen L ch 179 § 11 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 11 - Conduct of Business

Section 11. The proprietors may by vote adopt such measures and levy such assessments in proportion to their respective rights and interests in the property as they deem proper for managing, improving or dividing their common property and carrying on their business.
MA Gen L ch 179 § 12 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 12 - Failure of Proprietor to Pay Assessment

Section 12. If a proprietor fails to pay an assessment for six months after demand therefor by the collector or other proper officer, or after a notice of such assessment posted and published in the manner prescribed for the first meeting, the committee of the proprietors or other officers authorized by them for that purpose may sell by public auction and give to the purchaser a deed of so much of the right or share of such proprietor as is sufficient to pay the amount so due from him and all the reasonable charges of the sale, first giving thirty days' notice of the time and place appointed for such sale in the manner prescribed for notifying the first meeting.
MA Gen L ch 179 § 13 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 13 - Redemption of Shares

Section 13. The proprietor of the share or part sold may, within one year after the sale, redeem it by paying to the purchaser or his assigns the purchase price with interest at the rate of twelve per cent a year from the time of the sale.
MA Gen L ch 179 § 14 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 14 - Sale by Proprietors

Section 14. If there are ten or more proprietors, they may, by vote of more than two thirds both in number and interest at a legal meeting, sell their estate and divide the proceeds thereof.
MA Gen L ch 179 § 15 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 15 - Division of Property; Deposit of Records; Fees

Section 15. After the final division of their common property, the proprietors may deposit their records with the clerk of the city or town where the land or any part of it lies; and the clerk may make and certify copies from the records as the clerk of the proprietors might have done. Such proprietors shall, upon so depositing their records, pay the fee provided by clause (27) of section thirty-four of chapter two hundred and sixty-two, and the fees for copies of said records shall be as provided by clause (28) of said section thirty-four.
MA Gen L ch 179 § 16 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 179 - Proprietors of Wharves, Real Estate Lying in Common, and General Fields|Section 16 - Termination of Corporation

Section 16. A final division of the common property shall not dissolve the corporation until the expiration of ten years thereafter; but the proprietors at the time of the division and their heirs shall retain their corporate powers for the purpose of collecting all assessments, debts and effects due or belonging to the corporation, and shall be liable for its debts.