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The Massachusetts Depositors Insurance Fund is a deposit insurance scheme that protects depositors at Massachusetts savings banks.It was created in 1934 [1] by the state government of Massachusetts in response to the large number of Massachusetts bank failures during the Great Depression of the 1930s.
In Massachusetts, adhering to state car insurance laws is a legal necessity for all drivers. These laws mandate a minimum level of coverage, ensuring both compliance with the law and some degree ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
A 2011 view of the data, released by the state in 2013, shows the number of people receiving employer-sponsored insurance (ESI) in Massachusetts decreased by approximately 500,000 people (about 8% of the state population) since the enactment of the Massachusetts health insurance law in 2006.
Driving without insurance in the state of Massachusetts is expensive if you are caught, but providing false insurance information is considered felony fraud and can result in up to five years of ...
Car insurance for a driver with a clean record in Massachusetts averages $410 per year for state-mandated minimum coverage, and $1,683 for full coverage, which includes collision and comprehensive ...
Formal regulation of the insurance industry began in earnest when the first state commissioner of insurance was appointed in New Hampshire in 1851. In 1859, the State of New York appointed its own commissioner of insurance and created a state insurance department to move towards more comprehensive regulation of insurance at the state level. [8]
Gap insurance is not legally required in the state of Massachusetts. However, if you purchase or lease a new vehicle, your lender or lessor may require you to carry gap coverage.