The purpose of this chapter is to subject certain insurers to the jurisdiction of
courts of the commonwealth in suits by or on behalf of insureds or beneficiaries under
insurance contracts. The legislature declares that it is a subject of concern that many residents of
this commonwealth hold policies of insurance issued or delivered in this commonwealth
by insurers while not authorized to do business in the commonwealth, thus presenting
to such residents the often insuperable obstacle of resorting to distant forums for
the purpose of asserting legal rights under such policies. In furtherance of such state interest, the legislature herein provides a method
of substituted service of process upon such insurers and declares that in so doing
it exercises its power to protect its residents and to define, for the purpose of
this statute, what constitutes doing business in this commonwealth, and also exercises
powers and privileges available to the commonwealth by virtue of Public Law 15, 79th
Congress of the United States, chapter 20, 1st Sess., S. 340, 1 as amended, which declares that the business of insurance and every person engaged
therein shall be subject to the laws of the several states.
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