Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 59.00 - Term and Universal Life Insurance Reserve Financing
Section 59.07 - Prohibition against Avoidance

No insurer that has Covered Policies as to which 211 CMR 59.00 applies, as set forth in 211 CMR 59.02, shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of such action, transaction or arrangement or series thereof is to avoid the requirements of 211 CMR 59.00, or to circumvent its purpose and intent, as set forth in 211 CMR 59.01.