Massachusetts § 75 Mutual fire companies; underwriters; compensation

Massachusetts Statutes

§ 75 — Mutual fire companies; underwriters; compensation

Massachusetts § 75

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 175INSURANCE

This text of Massachusetts § 75 (Mutual fire companies; underwriters; compensation) 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, § 75 (2026).

Text

Section 75. No officer or other person whose duty it is to determine the character of the risks, and upon whose decision the application shall be accepted or rejected by a mutual fire company, shall receive as any part of his compensation a commission upon the premiums; but his compensation shall be a fixed salary, and, if the directors so determine, a share of the net profits. Nor shall such officer or person aforesaid be an employee of any officer or agent of the company.

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

Section 75. No officer or other person whose duty it is to determine the character of the risks, and upon whose decision the application shall be accepted or rejected by a mutual fire company, shall receive as any part of his compensation a commission upon the premiums; but his compensation shall be a fixed salary, and, if the directors so determine, a share of the net profits. Nor shall such officer or person aforesaid be an employee of any officer or agent of the company.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 75, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/175/75.