Massachusetts § 177H Managing general agent; licensure and errors and omissions coverage required

Massachusetts Statutes

§ 177H — Managing general agent; licensure and errors and omissions coverage required

Massachusetts § 177H

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175INSURANCE

This text of Massachusetts § 177H (Managing general agent; licensure and errors and omissions coverage required) 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, § 177H (2026).

Text

Section 177H.

(A)No person, firm, association or corporation shall act in the capacity of a managing general agent with respect to risks located in the commonwealth for an insurer licensed in the commonwealth unless such person:

(i)is a licensed producer in the commonwealth; and (ii) maintains errors and omissions coverage.

(B)No person, firm, association or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in the commonwealth with respect to risks located outside the commonwealth unless such person:

(i)is a licensed producer in the commonwealth, whether resident or non-resident; and (ii) maintains errors and omissions coverage.

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Section 177H. (A) No person, firm, association or corporation shall act in the capacity of a managing general agent with respect to risks located in the commonwealth for an insurer licensed in the commonwealth unless such person:(i) is a licensed producer in the commonwealth; and (ii) maintains errors and omissions coverage.(B) No person, firm, association or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in the commonwealth with respect to risks located outside the commonwealth unless such person:(i) is a licensed producer in the commonwealth, whether resident or non-resident; and (ii) maintains errors and omissions coverage.