Mass. Gen. Laws ch. 161 § 119
Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Whenever the income of the company is insufficient to meet the cost of service as defined in section one hundred and sixteen, the reserve fund shall be used, so far as necessary, to make up the deficiency, but when the income exceeds the cost of the service, the excess shall be transferred to and become a part of the reserve fund.
Mass. Gen. Laws ch. 161, § 119