Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 900 - LARGE COMMERCIAL RISKS
Section 031-900-2 - Purpose
Universal Citation: 02 ME Code Rules ยง 031-900-2
Current through 2024-38, September 18, 2024
The purpose of this Rule is to establish standards for determining when an insured is a "large commercial insurance risk" within the meaning of 24-A M.R.S.A. Section1450(3), which authorizes producers to receive a fee in lieu of or in combination with commission for the sale of certain property and casualty insurance transactions.
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