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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) The Fund may join 1 or more organizations or associations similar to the Fund to further the purposes and administer the powers and duties of the Fund. The Fund may designate 1 or more of these organizations or associations to act as a liaison for the Fund and, to the extent the Fund authorizes, to bind the Fund in agreements or settlements with receivers of insolvent insurance companies, or their designated representatives.
(b) The Fund shall, in cooperation with organizations or associations similar to the Fund, or their designated representatives, reasonably coordinate and cooperate with receivers and regulators, or their designated representatives, in the commonwealth and other states to promote efficiency and uniformity, including the use of Uniform Data Standards as promulgated or approved by the National Association of Insurance Commissioners. The Fund may also authorize receivers to collect on its behalf amounts due to the Fund from policyholders and others persons.
Cite this article: FindLaw.com - Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 175D, § 9 - last updated January 01, 2025 | https://codes.findlaw.com/ma/part-i-administration-of-the-government-ch-1-182/ma-gen-laws-ch-175d-sect-9/
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