Section 60C Failure to comply with order requiring deposit; certificate authorizing resumption of issuance of policies - Massachusetts Statutes

Section 60C. Failure of a company to comply with any lawful order of the commissioner of insurance under section fifty-seven shall, without any further action by the said commissioner, terminate its authority to issue policies of workers’ compensation insurance, and in such a case the company shall issue no such policies thereunder until it complies with such order and has received from said commissioner, as evidence of such compliance, a special certificate authorizing it to resume the issue of such policies. The commissioner may, in his discretion, refuse to issue such a certificate.