Regulation

Regulation  211 CMR 45.00: Establishment of service fee to insurance producers assisting employers in obtaining workers' compensation insurance

Date: 02/15/2005
Organization: Division of Insurance
Regulatory Authority: MGL c. 152, § 65O
Official Version: Purchase the official print version

211 CMR 45.00 sets 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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