Massachusetts § 177W - Administrative action against reinsurance intermediary; authority of commissioner; penalties
Full text of Massachusetts Massachusetts General Laws § 177W — Administrative action against reinsurance intermediary; authority of commissioner; penalties, with citation guidance and answers to common questions.
§ 177W. Administrative action against reinsurance intermediary; authority of commissioner; penalties
Section 177W. (A) A reinsurance intermediary shall be considered to be in the business of insurance for purposes of the applicability of chapter one hundred and seventy-six D. In addition to the remedies provided by that chapter, in any administrative action against a reinsurance intermediary the commissioner may order:
(1) For each separate violation, a penalty in an amount up to ten thousand dollars; (2) The reinsurance intermediary to make restitution to the insurer, reinsurer, rehabilitator or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to such violation.
(B) Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided in this chapter or any other applicable sections of the General Laws.
(C) Nothing contained in these sections is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors or other third parties or confer any rights on such persons.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 177W
What does Massachusetts General Laws § 177W cover?
Section 177W ("Administrative action against reinsurance intermediary; authority of commissioner; penalties") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 177W?
A common citation format is "Massachusetts General Laws § 177W" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 177W apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.