Massachusetts Statutes

§ 13 — Withdrawals from compact or default; reinstatement; dissolution of compact

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

Section 13.

(1)(a) Once effective, the compact shall continue in force and remain binding upon each and every compacting state; provided, that a compacting state may withdraw from the compact hereinafter referred to as withdrawing state by enacting a statute specifically repealing the statute which enacted the compact into law.
(b)The effective date of withdrawal is the effective date of the repealing statute. However, the withdrawal shall not apply to product filings approved or self-certified, or to an advertisement of the products, on the date the repealing statute becomes effective, except by mutual agreement of the commission and the withdrawing state unless the approval is rescinded by the withdrawing state as provided in paragraph (e).
(c)The commissioner of the withdrawing state sh

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