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DOI

February 1, 2021 by Owen Gallagher

Categories: Life & Annuity Insurance Terms, Property & Casualty Insurance, Regulatory Definitions

Popular nickname for the Massachusetts Division of Insurance. The DOI is responsible for regulating the Massachusetts market, safeguarding consumer interests, and administering the Commonwealth’s laws and regulations governing the insurance marketplace.  The DOI monitors financial solvency, licenses insurance companies and producers, reviews and approves rates and forms, addresses consumer complaints, and coordinates the takeover and liquidation of insolvent insurance companies and the rehabilitation of financially troubled companies. 

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