P&CMAmedium
Before the MA DOI may promulgate a new regulation of general applicability in 211 CMR, which procedural step is required under the State Administrative Procedure Act?
AObtain a two-thirds concurrent resolution of both branches of the General Court before any 211 CMR regulation may be proposed, adopted, amended, or repealed by the Commissioner
BSecure prior written approval from the NAIC Executive Committee before the Commissioner may publish any notice of proposed rulemaking in the Massachusetts Register
CFile the proposed rule with the U.S. Department of the Treasury for Financial Stability Oversight Council review and await federal clearance before adoption
Publish a notice of proposed rulemaking, hold a public hearing or accept written comment, and file with the Secretary of the Commonwealth
Why this is the answer
M.G.L. c. 30A §§2-3 requires DOI to publish notice of proposed rulemaking, provide an opportunity for public hearing or written comment, prepare a small business impact statement, and file the adopted regulation with the Secretary of the Commonwealth before publication in 211 CMR and the Massachusetts Register.
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