Code of Massachusetts Regulations › 211 CMR - DIVISION OF INSURANCE › Title 211 CMR 70.00 - Memorandum Of Order Relative To The Establishment Of A Statistical Plan (massachusetts Automobile Statistical Plan)

Current through Register 1525, July 5, 2024
Whereas, the Commissioner of Insurance is required and directed
			 by M.G.L. c. 175, § 113B, as amended, after due hearing and investigation,
			 to fix and establish classification of risks which shall be fair and reasonable
			 and a schedule of premium charges which shall be adequate, just, reasonable and
			 non-discriminatory, to be used and charged by all insurance and surety
			 companies for the motor vehicle liability policies or bonds, as defined in
			 M.G.L. c. 90, § 34A, and for certain other coverages described in M.G.L.
			 c. 175, § 113C, as amended, to be issued or executed in connection with
			 the registration of motor vehicles or trailers during or for the year 1975;
			 and
Whereas, the Commissioner of Insurance is required and directed
			 by M.G.L. c. 175, § 113B, as amended, after due hearing and investigation
			 to fix and establish adequate, just, reasonable and non-discriminatory premium
			 charges to be used and charged by companies for guest occupant on the ways
			 automobile liability insurance; and
Whereas, the Commissioner of Insurance is required to fix and
			 establish rates for motor vehicle insurance issued under the provisions of
			 M.G.L. c. 175, § 113C; and
Whereas, with the exception of compulsory coverage, guest
			 occupant on the ways coverage and coverages issued under the provisions of
			 M.G.L. c. 175, § 113C, the rates for motor vehicle liability insurance are
			 regulated under the provisions of M.G.L. c. 175, § 113B, and insurers are
			 required to file with the Commissioner every manual of classifications, rules,
			 rates and any modifications of any of the foregoing applicable to such
			 insurance; and
Whereas, the Commissioner of Insurance, under M.G.L.c. 175,
			 § 113B, as amended, may at any time require any company to file with him
			 such data, statistics, schedules or information as he may deem proper or
			 necessary to enable him to fix and establish or secure and maintain fair and
			 reasonable classifications of risks and adequate, just, reasonable and
			 non-discriminatory premium charges; and
Whereas, the Commissioner of Insurance is required and directed
			 by MGL. c. 175A, § 15(a)to promulgate rules and statistical plans which
			 shall be used by each insurer in recording and reporting its loss
			 experience.
Now, there fore, under the authority conferred by and pursuant to
			 said M.G.L. c. 175, § 113B and M.G.L. c. 175A, § 15(a), I hereby
			 order that the Statistical Plan, as attached hereto, the original of which is
			 on file in the office of the Commissioner of Insurance, and known as the
			 "Massachusetts Automobile Statistical Plan", Part I - Automobile Bodily Injury
			 Coverages and Property Damage Liability, Part II - Physical Damage Coverages
			 and Part III - Coding Section, edition of January 1, 1975, be, and the same is
			 hereby established and fixed for all companies now licensed or which may here
			 after be licensed to write motor vehicle physical damage insurance, motor
			 vehicle property damage liability insurance, motor vehicle bodily injury
			 liability insurance (including medical payments insurance and all other
			 coverages included in or attached by endorsement to the motor vehicle policy)
			 and compulsory motor vehicle liability insurance in the Commonwealth of
			 Massachusetts, reserving the right to add to, modify, alter, amend or supersede
			 said plan at any time.
REGULATORY AUTHORITY
211 CMR 70.00: M.G.L. c. 175, § 113B.