Massachusetts § 160C Automobile insurance; company as agent for insurers doing business in Mexico; separate accounts; payment of percentage of gross premiums

Massachusetts Statutes

§ 160C — Automobile insurance; company as agent for insurers doing business in Mexico; separate accounts; payment of percentage of gross premiums

Massachusetts § 160C

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175INSURANCE

This text of Massachusetts § 160C (Automobile insurance; company as agent for insurers doing business in Mexico; separate accounts; payment of percentage of gross premiums) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 175, § 160C (2026).

Text

Section 160C. Notwithstanding the provisions of sections one hundred and sixty and one hundred and sixty-three an insurance company authorized to write automobile liability and physical damage insurance in this commonwealth may act as agent for one or more insurers authorized to do business in Mexico, but only as respects automobile liability and physical damage insurance applying to the use of automobiles in Mexico by policyholders to whom it has issued such coverages in the United States.Each company acting pursuant to this section shall keep a separate account of the business written under the authority of this section and shall annually, in January, file with the state treasurer a sworn statement of the gross premiums charged for such insurance and the gross return premiums on such ins

Free access — add to your briefcase to read the full text and ask questions with AI

Section 160C. Notwithstanding the provisions of sections one hundred and sixty and one hundred and sixty-three an insurance company authorized to write automobile liability and physical damage insurance in this commonwealth may act as agent for one or more insurers authorized to do business in Mexico, but only as respects automobile liability and physical damage insurance applying to the use of automobiles in Mexico by policyholders to whom it has issued such coverages in the United States.Each company acting pursuant to this section shall keep a separate account of the business written under the authority of this section and shall annually, in January, file with the state treasurer a sworn statement of the gross premiums charged for such insurance and the gross return premiums on such insurance during the year ending on December thirty-first next preceding and, at the time of filing such statement, shall pay the commonwealth an amount equal to four per cent of such gross premiums less such return premiums so reported.