Massachusetts § 204 Regulations governing replacement of life insurance policies and annuities; promulgation

Massachusetts Statutes

§ 204 — Regulations governing replacement of life insurance policies and annuities; promulgation

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title XXII CORPORATIONS·Ch. 175 INSURANCE

Section 204. The commissioner shall, after notice and hearing pursuant to chapter thirty A, promulgate regulations governing the replacement of life insurance policies and annuities. Such regulations shall be based upon the model regulation governing replacement of life insurance and annuities developed by the National Association of Insurance Commissioners. Such regulations shall, in addition to other provisions, require the delivery of a notice regarding replacement of a life insurance policy or annuity contract.

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

Section 204. The commissioner shall, after notice and hearing pursuant to chapter thirty A, promulgate regulations governing the replacement of life insurance policies and annuities. Such regulations shall be based upon the model regulation governing replacement of life insurance and annuities developed by the National Association of Insurance Commissioners. Such regulations shall, in addition to other provisions, require the delivery of a notice regarding replacement of a life insurance policy or annuity contract.

Massachusetts § 204 (Regulations governing replacement of life insurance policies and annuities; promulgation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.