Massachusetts § 15 Bond; waiver

Massachusetts Statutes

§ 15 — Bond; waiver

Massachusetts § 15

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 176GHEALTH MAINTENANCE ORGANIZATIONS

This text of Massachusetts § 15 (Bond; waiver) 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. 176G, § 15 (2026).

Text

Section 15. Each health maintenance organization shall furnish to the commissioner evidence of a surety bond in an amount satisfactory to the commissioner or deposit with the commissioner cash or sureties acceptable to him in at least the same amount as a guarantee that the obligation to the enrollees will be performed. The commissioner may waive this requirement if a health maintenance organization has contracted with a carrier as defined in section one for the purpose of reinsurance.

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Section 15. Each health maintenance organization shall furnish to the commissioner evidence of a surety bond in an amount satisfactory to the commissioner or deposit with the commissioner cash or sureties acceptable to him in at least the same amount as a guarantee that the obligation to the enrollees will be performed. The commissioner may waive this requirement if a health maintenance organization has contracted with a carrier as defined in section one for the purpose of reinsurance.

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Bluebook (online)

Massachusetts § 15, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/176G/15.