How frequently are insurers required to file their financial reports in Massachusetts?

Insurers in Massachusetts are required to file their financial reports annually. This requirement serves various purposes, such as ensuring that the insurer maintains financial solvency and operates within the legal framework of the state. Annual filings provide a comprehensive view of the insurer's financial health, including income, expenses, and reserves, allowing regulators to monitor the company's performance over a longer period.

Although insurers may also be required to submit other interim financial statements or reports to regulatory authorities, the key filing that establishes their overall financial stability is the annual report. This frequency aligns with practices seen in many states, streamlining oversight while providing essential financial information to regulators, policyholders, and stakeholders.