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 45.04 - Amount of Service Fee
Universal Citation: 211 MA Code of Regs 211.45
Current through Register 1531, September 27, 2024
The service fee shall be based on Massachusetts standard premium and paid in accordance with the following schedule:
|
On 1st $1,000 in premium |
- 9% |
|
On next 4,000 " " |
- 5% |
|
On next 95,000 " " |
- 4% |
|
Over 100,000 " " |
- 3% |
The service fee schedule shall be used from the effective date of 211 CMR 45.00 until such time as 211 CMR 45.00 is further amended or changed by the Commissioner of Insurance.
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