Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 45.00 - Establishment Of Service Fee To Insurance Producers Assisting Employer S In Obtaining Workers' Compensation Insurance
Section 45.02 - Purpose
Universal Citation: 211 MA Code of Regs 211.45
Current through Register 1531, September 27, 2024
The purpose of 211 CMR 45.00 is to set a service fee as required by M.G.L. c. 152, § 65O at a percentage rate of the average commission rate customarily paid by those workers' compensation insurers that compensate insurance producers by commissions which will be sufficiently attractive to encourage insurance producers to assist employers in obtaining coverage while, at the same time, leaving a further incentive to insurance producers to place such insurance coverage through their customary markets when that is practicable.
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