The Massachusetts Division of Insurance issued a new bulletin today on the alleged abuses regarding Certificate of Insurances in order to highlight their purpose and correct use.
mass doi
Mass. DOI Issues Guidelines for Alien Unauthorized Insurers Wanting to Write Excess & Surplis Lines
The DOI issues guidelines for those alien insurers which to write insurance in the Commonwealth on an excess and surplus basis.
Alien Insurers Now Allowed to Write in Massachusetts Excess & Surplus Market
Last month President Barack Obama signed into law The Wall Street Reform Bill. The new law which overhauls the financial regulatory system in the U.S., has also created new opportunities for foreign insurers in the Commonwealth. Previously, the law governing the Massachusetts excess and surplus market did not allow alien insurers, or insurers formed and […]
