2018 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
Chapter 164 MANUFACTURE AND SALE OF GAS AND ELECTRICITY
Section 129 Definitions
Section 129. The following words, as used in sections one hundred and thirty to one hundred and thirty-two, inclusive, unless the context otherwise requires, or a different meaning is specifically prescribed, shall have the following meanings:—
''Commissioner'', the commissioner of insurance.
''Fund balance'', a minimum of two hundred and fifty thousand dollars or a lesser or greater amount approved by the commissioner.
''Municipal light board'', a municipal light board or commission, municipal gas and electric commission or similar body in a city or town having a municipal light board, gas and electric commission or similar body; the mayor or city manager as the case may be, of a city having no municipal light board, municipal gas and electric commission or similar body; or the selectmen of a town having no municipal light board, municipal gas and electric commission or similar body.
''Municipal electric department'', an electric department or lighting plant of a city or town, which department or plant is subject to the provisions of this chapter, or a municipally or consumer-owned electric utility outside the commonwealth. Except as otherwise specifically provided, a Massachusetts municipal electric department may exercise any of its powers or authority granted in sections one hundred and twenty-nine to one hundred and thirty-two, inclusive, through its municipal light board.
''Municipal Electric Department Self-insurance Trust Fund'' or ''Fund'', a trust fund established in accordance with the provisions of section one hundred and twenty-nine to one hundred and thirty-two, inclusive, to provide insurance to a group of two or more participating municipal electric departments.
''Insurance'', formal self-insurance or commercial insurance or a combination thereof, covering risks including, without limiting the generality of the foregoing, general liability, directors and officers, and fire insurance. Insurance shall include all layers of coverage, on either a claims made or occurrence basis and reinsurance.
''Participant'', a municipal electric department that is a member of a fund, in accordance with section one hundred and thirty, and has accepted the benefits and detriments of sections one hundred and twenty-nine to one hundred and thirty-two, inclusive;
''Trustee'', the trustee of a fund.
