# Mass. Gen. Laws ch. 175, sec. 2: Insurance contract; definition

> Massachusetts · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S2

## Section

- **Citation:** Mass. Gen. Laws ch. 175, sec. 2
- **Heading:** Insurance contract; definition
- **Jurisdiction:** Massachusetts
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MA Code / Part I / Title XXII / Chapter 175 / Section 2

## Text

Section 2. A contract of insurance is an agreement by which one party for a consideration promises to pay money or its equivalent, or to do an act valuable to the insured, upon the destruction, loss or injury of something in which the other party has an interest.

Section 2. A contract of insurance is an agreement by which one party for a consideration promises to pay money or its equivalent, or to do an act valuable to the insured, upon the destruction, loss or injury of something in which the other party has an interest.

## Nearby sections

- [Mass. Gen. Laws ch. 175, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S1.md)
- [Mass. Gen. Laws ch. 175, sec. 2 Insurance contract; definition](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S2.md)
- [Mass. Gen. Laws ch. 175, sec. 2A Reinsurance contracts; status](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S2A.md)
- [Mass. Gen. Laws ch. 175, sec. 3 Unauthorized insurance, annuity or variable annuity contracts; prohibition](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S3.md)
- [Mass. Gen. Laws ch. 175, sec. 3A Administration and enforcement of insurance laws by commissioner of insurance; report of violations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S3A.md)
- [Mass. Gen. Laws ch. 175, sec. 3B Action for injunction restraining violations of chapter](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S3B.md)
- [Mass. Gen. Laws ch. 175, sec. 3C Promulgation of regulations defining certain terms relating to medical insurance](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S3C.md)
- [Mass. Gen. Laws ch. 175, sec. 4A Provision of data to commissioner by homeowners insurers and joint underwriting association; access to confidential data; annual report to general court](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4A.md)
- [Mass. Gen. Laws ch. 175, sec. 4B Annual report to commissioner of cancellations and non-renewals of homeowners policies](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4B.md)
- [Mass. Gen. Laws ch. 175, sec. 4D Coverage to be made available to residential owners for release of heating oil](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4D.md)
- [Mass. Gen. Laws ch. 175, sec. 4E Refusal to issue or renew private passenger motor vehicle insurance policy based on credit information prohibited](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4E.md)
- [Mass. Gen. Laws ch. 175, sec. 4F Liability insurance and notice requirements for operators of short-term rentals and hosting platforms](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4F.md)
- [Mass. Gen. Laws ch. 175, sec. 4G Verification of applicant driving history prior to issuing private passenger motor vehicle insurance policy](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S4G.md)
- [Mass. Gen. Laws ch. 175, sec. 5 Revocation or suspension of license of foreign company; grounds; notice; appeal](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C175_S2. Check the current official text before relying on it. Not legal advice.