02- 031 C.M.R. ch. 900, § 8 - Disclosure

Prior to receiving a fee in lieu of or in combination with commission for the sale of property and casualty insurance policies, the insurance producer must disclose in writing to the insured that the fee is not a part of the premium charge for the insurance policies, and that the fee will not be a part of any calculation of unearned premium owed by the insurer in the event of policy cancellation. In the event that a fee is charged in combination with commission, the amount of the fee and commission must be disclosed separately in writing by the producer to the insured.

Notes

02- 031 C.M.R. ch. 900, § 8