§ 3 — Massachusetts Insurers Insolvency Fund

[ Text of section effective until April 9, 2025. For text effective April 9, 2025, see below.]Section 3. There is hereby created a nonprofit unincorporated legal entity to be known as the Massachusetts Insurers Insolvency Fund consisting of all insurers. The Fund shall perform its functions under a plan of operation established and approved under section six, and shall exercise its powers through a board of directors.Chapter 175D: Section 3. Massachusetts Insurers Insolvency Fund[ Text of section as amended by 2024, 389, Sec. 2 effective April 9, 2025. For text effective until April 9, 2025, see above.]Section 3. There is hereby created a nonprofit unincorporated legal entity to be known as the Massachusetts Insurers Insolvency Fund consisting of all insurers. The Fund shall perform its functions under a plan of operation established and approved under section 7, and shall exercise its powers through a board of directors.