Section 49G: Certificate of self-insurance
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/ma/part-i/title-xiv/chapter-90/49g·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 49G.
(a)Any person may at any time apply to the commission for a certificate of self-insurance, whether or not there has occurred an accident as a result of which he might be affected by some other provision of sections forty-nine B to forty-nine R, inclusive.
(b)The commission may issue a certificate of self-insurance when satisfied that the applicant is possessed and will continue to be possessed of ability to pay judgments against him within the limits provided in sections forty-nine B to forty-nine R, inclusive.
(c)Upon not less than ten days' notice of a self-insurer the commission may for reasonable cause cancel a certificate of self-insurance, and shall cancel such certificate upon failure to pay any judgment within thirty days.