The insurance industry in Massachusetts is regulated and supervised by the Massachusetts Division of Insurance (DOI), an agency of the Office of Consumer Affairs & Business Regulation (OCABR). The DOI is responsible for ensuring consumer protection and maintenance of a stable insurance industry.

Although there is no official federal insurance regulator, the National Association of Insurance Commissioners (NAIC) exists in the state. NAIC is a voluntary association created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five other US territories. NAIC is responsible for coordinating the regulation of multistate insurers. The Federal Insurance Office (FIO) is a non-regulatory authority created under the Dodd-Frank Act, and is responsible for monitoring all aspects of the insurance industry.

The regulations governing the Massachusettsan insurance industry are stipulated in the Massachusetts General Laws. Chapter 175 of the General Laws specifies the key provisions related to the insurance industry in Massachusetts. This consists of provisions pertaining to the licensing of insurers and intermediaries, capital requirements, solvency margins, reserve requirements, investment regulations and penalties for non-compliance.

Key Findings -

  • The DOI regulates the Massachusettsan insurance industry
  • Composite insurance is not permitted in Massachusetts
  • 100% FDI is permitted in the Massachusettsan insurance industry
  • Non-admitted insurance is not permitted in the Massachusettsan insurance industry. There are exceptions to this rule, however, as described in the non-admitted Section
  • Key classes of compulsory insurance include motor third-party liability insurance and health insurance

The report “Governance, Risk and Compliance - The Massachusettsan Insurance Industry” is the result of extensive research into the insurance regulatory framework in Massachusetts. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the state. The report also includes the scope of non-admitted insurance in the state.


  • The report covers details of the insurance regulatory framework in Massachusetts.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.

Reasons To Buy

  • Gain insights into the insurance regulatory framework in Massachusetts.
  • Track the latest regulatory changes, and expected changes impacting the Massachusettsan insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.