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Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 40M, § 11: Rating plan; annual audit

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Where this section sits in the code
  1. Part I
  2. Title VII
  3. Chapter 40M

Section 11. (A) A group shall file with the commissioner its rating plan.

(B) Each group shall be audited at least annually by an auditor acceptable to the commissioner to verify proper rating. A report of the audit shall be filed with the commissioner in a form prescribed by the commissioner. A group or any member thereof may request a hearing on any objections to the rating. If the commissioner determines that as a result of an improper rating a member's premium contribution is insufficient, he shall order the group to assess that member an amount equal to the deficiency. If the commissioner determines that as a result of an improper rating a member's premium is excessive, he shall order the group to refund to the member the excess collected. The audit shall be at the expense of the group.

Collected 2026-09-17T05:20:33Z. Source file · JSON

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