Section 93A: Miscellaneous mutual companies; issuance of policies
66 words·~1 min read·
/ma/part-i/title-xxii/chapter-175/93a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 93A. No policy shall be issued by a mutual company formed to transact business under the seventh, eighth, ninth, tenth, twelfth or thirteenth clause of section forty-seven until it has secured applications for insurance upon not less than two hundred separate risks in the commonwealth against the hazards specified in said clause, the premiums on which shall amount to not less than twenty-five thousand dollars.