§ 1 Definitions
§ 2 Establishment of fund; filing of trust instrument; certification; appointment of trustee; dissolution, voluntary or involuntary
§ 3 Application for certification; denial; approval
§ 4 Application of chapter
§ 5 Rights, obligations and responsibilities of fund and trustee
§ 6 Annual statement of financial condition; penalty for failure to file
§ 7 Standards for proper accounting methods to be used
§ 8 Claims reserve
§ 9 Amendment of trust instrument or original application for certification; notification to commissioner
§ 10 Revocation or suspension of certification of fund; removal of trustee
§ 11 Exclusion of health care provider from participation; new participants; request for arbitration by aggrieved
§ 12 Trust instrument provisions
§ 13 Merger or consolidation of funds
§ 14 Legal requirement of insurance or commercial insurance
§ 15 Liability of fund
§ 16 Fund declared to be charitable and benevolent institution; exemption from taxes
§ 17 Regulations to consider requirements of federal governmental or quasi-governmental agencies
§ 18 Violation of chapter
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Terms Used In Massachusetts General Laws > Chapter 175F - Medical Malpractice Self&Ndash;Insurance Trust Funds

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fraud: Intentional deception resulting in injury to another.
  • Grantor: The person who establishes a trust and places property into it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.