P&CMAmedium
A risk retention group (RRG) chartered in another U.S. state that wishes to write commercial liability coverage in Massachusetts must:
AObtain a full MA certificate of authority, file all policy forms and premium rates with the DOI for prior approval, and comply with every MA countersignature statute before issuing any commercial liability policy
Register with the DOI Commissioner, provide its chartering-state plan of operations, and pay required fees, but is exempt from most MA rate-and-form regulation under the federal LRRA
CConvert to a MA domestic insurer before writing any coverage
DOperate exclusively as a surplus lines insurer through licensed special brokers
Why this is the answer
The federal Liability Risk Retention Act (LRRA) preempts most state regulation of foreign-domiciled RRGs. Massachusetts's framework requires the RRG to register with the DOI Commissioner, submit its chartering-state plan of operations, and pay fees and taxes, but it is exempt from most MA rate, form, and countersignature requirements.
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