Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 10.00 - Nation-wide Marine Definitions
Section 10.04 - Equipment Dealers
Universal Citation: 211 MA Code of Regs 211.10
Current through Register 1531, September 27, 2024
The insurance of Equipment Dealers stock falls within the Marine classification when the stock of such dealers consists of the equipment enumerated in 211 CMR 10.02 and their accessories with annual average values of 75% of the annual average values of the dealer's entire stock. In other words, the annual average values of such dealer's stock unrelated to the principal stock should not exceed more than 25% of the annual average values of his or her entire stock.
Disclaimer: These regulations may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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