02- 031 C.M.R. ch. 220, § 15 - Expense Allowances and Commissions

A. Fees paid to a lender for handling or processing credit life or credit health insurance may not exceed 10% of prima facie premiums as defined by this rule.

B. In addition to fees allowed by subsection A, a commission not exceeding 5% of prima facie premiums may be paid to a creditor who is a licensed credit insurance agent.

For purposes of this section and 24-A M.R.S.A. §2860-A, "lender" means creditor.

Notes

02- 031 C.M.R. ch. 220, § 15