Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 50.00 - Continuing Education For Insurance Producers
Section 50.07 - Failure to Comply
The failure of an insurance producer to complete the required number of continuing education credits by their producer license renewal date may result in the non-renewal or suspension of their insurance producer license. In addition to, or in lieu of, a license suspension, an insurance producer, after a hearing, which hearing may be waived by said insurance producer, may be subject to a civil fine of not less than $20.00 nor more than $100.00 for each hour of instruction by which they fail to meet the requirements imposed by M.G.L. c. 175, § 177E and 211 CMR 50.00. For good cause shown, however, the Commissioner may grant an extension of time during which the continuing education requirements may be satisfied by any such insurance producer.