Maine § 24-A §2860-A Commissions

Maine Statutes

§ 24-A §2860-A — Commissions

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 37 CONSUMER CREDIT INSURANCE

A commission not exceeding 5% of credit life and health insurance premiums, as set forth by rules adopted by the superintendent, may be paid to any creditor who is a licensed credit insurance agent. This section does not prohibit fees paid to a lender for handling or processing credit life or health insurance not exceeding 10% of prima facie premiums as set forth by rules adopted by the superintendent.

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A commission not exceeding 5% of credit life and health insurance premiums, as set forth by rules adopted by the superintendent, may be paid to any creditor who is a licensed credit insurance agent. This section does not prohibit fees paid to a lender for handling or processing credit life or health insurance not exceeding 10% of prima facie premiums as set forth by rules adopted by the superintendent.

Maine § 24-A §2860-A (Commissions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.