Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 20.00 - Risk-based Capital (rbc) For Insurers
Section 20.09 - Supplemental Provisions; Exemption
Universal Citation: 211 MA Code of Regs 211.20
Current through Register 1531, September 27, 2024
(1) The provisions of 211 CMR 20.00 are supplemental to any other provisions of the laws of Massachusetts, and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to M.G.L. c. 175, §§ 180A through 180LV2 and c. 176, § 33.
(2) The Commissioner may exempt from the application of 211 CMR 20.00, any domestic property and casualty insurer which;
(a)
Writes direct business only in this state;
(b) Writes direct annual premiums of
$2,000,000 or less; and
(c) Assumes
no reinsurance in excess of 5% of direct premium written.
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