Mass. Gen. Laws ch. 175 § 10
Current through Chapter 223 of the 2024 Legislative Session
The commissioner shall determine the liability of a company other than a life company or a health maintenance organization as defined in chapter 176G, upon its contracts of insurance. The determination shall be prepared in accordance with accounting practices and procedures prescribed or allowed by the commissioner. The commissioner shall require that they be maintained and prepared in accordance with the Annual Statement Instructions and Accounting Practices and Procedures Manual adopted by the National Association of Insurance Commissioners unless further modified by the commissioner as he considers appropriate.
Mass. Gen. Laws ch. 175, § 10