P&CMAeasy
Before transacting the business of insurance in Massachusetts, an insurer must first obtain which authorization from the Division of Insurance?
AA surplus lines broker license only, which fully authorizes any admitted insurer to transact business directly
BRegistration with the Massachusetts Secretary of the Commonwealth in lieu of any DOI licensing requirement
A certificate of authority issued by the Commissioner of Insurance
DA franchise from the Attorney General authorizing direct insurance transactions without a DOI certificate
Why this is the answer
M.G.L. c. 175 §32 (domestic companies) and §151 (foreign companies) make authorization by the commissioner the gateway for admitted insurers. Without one, the insurer is unauthorized and may only access the Massachusetts market through the surplus lines mechanism under c. 175 §168.
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