211 CMR, § 15.12

Current through Register 1533, October 25, 2024
Section 15.12 - Exemption

Upon application by a Statistical Agent or an individual Insurer, the Commissioner may allow the submission of a Statistical Report or data at a specified later date if the submission of the Statistical Report or data on the date required by this regulation would create a substantial hardship on the Statistical Agent or Insurer.

In considering whether to grant such an exemption, the Commissioner shall consider whether the delay is necessitated by an unusual or a one-time situation, or whether the delay is necessitated by a situation that is likely to reoccur. When the delay is necessitated by a situation that is likely to reoccur, the Commissioner may condition the granting of an exemption on whether the Insurer or Statistical Agent has a plan of action to address the situation in the future.

211 CMR, § 15.12

Amended by Mass Register Issue 1321, eff. 9/9/2016.

The precise terms, details and provisions of the Plan may be examined by any interested person at the Office of the Commissioner of Insurance, 100 Nashua Street, Boston, Massachusetts.