Massachusetts § 3 - Unauthorized insurance, annuity or variable annuity contracts; prohibition
Full text of Massachusetts Massachusetts General Laws § 3 — Unauthorized insurance, annuity or variable annuity contracts; prohibition, with citation guidance and answers to common questions.
§ 3. Unauthorized insurance, annuity or variable annuity contracts; prohibition
Section 3. No company shall make a contract of insurance or annuity, including any such insurance or annuity contract which is a contract on a variable basis, upon or relative to any property or interests or lives in the commonwealth, or with any resident thereof, and no person shall negotiate, solicit, sell or in any manner aid in the transaction of such contracts, or of their continuance or renewal, except as authorized by this chapter or chapter one hundred and seventy-six, or except as otherwise expressly authorized by law; and any such contract and the negotiation, solicitation, sale or transaction thereof by any person shall not be subject to the provisions of chapter one hundred and ten A.
Frequently Asked Questions About Massachusetts § 3
What does Massachusetts General Laws § 3 cover?
Section 3 ("Unauthorized insurance, annuity or variable annuity contracts; prohibition") 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 § 3?
A common citation format is "Massachusetts General Laws § 3" (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 § 3 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.