Section 177k - Acts of Managing General Agent Considered Acts of Insurer; Examination by Commissioner

MA Gen L ch 175 § 177k (2019) (N/A)

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Section 177K. The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined by the commissioner as if it were the insurer.

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Section 177j - Independent Financial Examination of Managing General Agent; Actuary Opinion of Loss Reserves; Review of Processing Operations; Notification to Commissioner of Appointment or Termination

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Section 177l - Administrative Action Against Managing General Agent; Authority of Commissioner; Penalties