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2019 Massachusetts General Laws
Part I - Administration of the Government
Title XXII - Corporations
Chapter 175f - Medical Malpractice Self-Insurance Trust Funds
Section 12 - Trust Instrument Provisions
Universal Citation: MA Gen L ch 175f § 12 (2019)
Section 12. The trust instrument may provide (a) that there shall be a minimum period during which any participant must participate in the fund; (b) that the fund may provide tail coverage to any participant which joins or withdraws from the fund; (c) that all participants shall execute a participation agreement; (d) that the trustee shall be free of all personal liability for his actions in good faith on behalf of the fund; and (e) that the trustee may be either an individual or an institution such as a bank, an insurance company or any other appropriate entity.
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