Massachusetts General Laws ch. 176I sec. 6 – Surety bond, reinsurance or other financial resources
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Section 6. An organization shall furnish to the commissioner evidence of a surety bond, reinsurance or other financial resources in an amount satisfactory to the commissioner as a guarantee that obligations to covered persons will be performed.
Terms Used In Massachusetts General Laws ch. 176I sec. 6
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.