Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 79.00 - Private Passenger Motor Vehicle Insurance Rates
Section 79.01 - Purpose and Scope

Universal Citation: 211 MA Code of Regs 211.79

Current through Register 1531, September 27, 2024

(1)211 CMR 79.00 shall apply to Rates and Premium charges for all types of coverages under private passenger motor vehicle insurance policies including, but not limited to, the form and content of Rate and Advisory Filings for the Voluntary Market in accordance with M.G.L. c. 175E and M.G.L. c. 175A; Residual Market Rate Filings in accordance with M.G.L. c. 175A; activities of Rating Organizations, and the conduct of hearings and related proceedings under M.G.L. c. 175A and M.G.L. c. 175E.

(2) The purposes of 211 CMR 79.00 are:

(a) To promote the public welfare by regulating insurance rates so that they are not excessive, inadequate or unfairly discriminatory;

(b) To promote the accuracy and fairness of private passenger motor vehicle insurance rates;

(c) To promote price competition among Insurers so as to provide insurance rates that are responsive to Competitive Market conditions;

(d) To prohibit price-fixing agreements and other anticompetitive behavior by Insurers;

(e) To provide regulatory procedures for the maintenance of appropriate data reporting systems;

(f) To authorize essential cooperative action among Insurers in the ratemaking process and to regulate such activity to prevent practices that tend to lessen competition substantially or to create a monopoly; and

(g) To provide price and other information to consumers to enable them to purchase insurance suitable for their needs.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.