Massachusetts General Laws

Mass. Gen. Laws ch. 175, § 2 (2026)

Insurance contract; definition

✓ current as of July 2026

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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.

Notes of Decisions

Cited in 7 cases, 1924–2015 · leading case: Iowa Ass'n of Sch. Boards v. Iowa Dep't of Educ., 739 N.W.2d 303 (Iowa 2007).

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Iowa Ass'n of Sch. Boards v. Iowa Dep't of Educ., 739 N.W.2d 303 (Iowa 2007). “3, at 16 (1996) (noting common-law definition of insurance describes insurer’s obligation to pay “ ‘upon the destruction, loss or injury of something in which the [insured] has an interest’ ” (emphasis added) (quoting Mass. Gen. Laws ch. 175, § 2 (1935)) [hereinafter “Appleman…”

Ventulett v. Maine Ins. Guar. Ass'n, 583 A.2d 1022 (Me. 1990). “That contention misconstrues the nature of workers’ compensation insurance.”

Com. Ins. Co., Inc. v. Gentile, 36 N.E.3d 1243 (Mass. 2015). “G. L. c. 175, § 2. In addition to the policy itself, an insurance *1014 contract also includes commissioner-approved forms, such as the operator exclusion form that is at issue in the present case.”

Am. Drug Stores, Inc. v. Harvard Pilgrim Health Care, Inc., 973 F. Supp. 60 (D. Mass. 1997). “Mass.Gen.Laws ch. 175 § 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.”

Gen. Elec. Co. v. Lexington Contracting Corp., 292 N.E.2d 874 (Mass. 1973). “The sections relied upon are by their own terms applicable to policies of insurance, as defined in G. L. c. 175, § 2. A surety bond is by the same chapter not an insurance contract as defined in § 2.”

Attorney Gen. v. C. E. Osgood Co., 249 Mass. 473 (Mass. 1924). “A contract of insurance is defined by G. L. c. 175, § 2, to be “ 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…”

West & Co. of La., Inc. v. Sykes, 515 S.W.2d 635 (Ark. 1974). “Code § 22 (West 1955) and Mass. Gen. Laws Ann. ch. 175, § 2 , (1958), are “so broad and general as to be virtually useless as guides to determine applicability of the regulatory system in a disputed setting.”

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