02-031 C.M.R. ch. 440, § II-2 - Purpose
The purpose of the Pool is to provide reinsurance for all workers' compensation residual market policies. Every residual market policy issued to an employer by a member is reinsured effective at 12:01 a.m. on the date on which the policy becomes effective, and the reinsurance applies during the period that the policy is in effect. The reinsurance provided by the Pool shall apply only to workers' compensation policies, including those coverages set forth in Subchapter 1, Section 3 of this Rule.
Notes
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