Massachusetts § 94M - Unused premium deposits
Full text of Massachusetts Massachusetts General Laws § 94M — Unused premium deposits, with citation guidance and answers to common questions.
§ 94M. Unused premium deposits
Section 94M. All unused or unabsorbed portions of premium deposits at exchanges returned or credited to subscribers shall be subject to all provisions of this chapter and chapter one hundred and fifty-two relating to the payment of dividends by mutual companies including therein the provisions of sections eighty, one hundred and thirteen B, one hundred and eighty-two, one hundred and eighty-three and one hundred and eighty-four of this chapter and section fifty-three of said chapter one hundred and fifty-two relating to rates of return, classifications and rebates, except that the amount of the unused or unabsorbed portion of the premium deposit credited or returned to the subscriber shall be determined under the terms and conditions of the power of attorney or subscriber's agreement.
Frequently Asked Questions About Massachusetts § 94M
What does Massachusetts General Laws § 94M cover?
Section 94M ("Unused premium deposits") 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 § 94M?
A common citation format is "Massachusetts General Laws § 94M" (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 § 94M 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.