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Mass. Gen. Laws ch. 255C – Insurance Premium Finance Agencies | Midpage
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Massachusetts General Laws
Part III
Title IV
Chapter 255C
Mass. Gen. Laws ch. 255C
Insurance Premium Finance Agencies
1
Definitions
2
Necessity of license
3
Application for license; issuance or refusal of license; fees; duration of license; multi-state licensing system
4
Name and address of licensee; posting of license; change of location
5
Revocation or suspension of license; grounds; surrender of license; effect
6
Rules and regulations; examination of business records; confidential communications; annual report
8
Witnesses; summoning; examination; fees
9
Penalties
11
License fees of agents or brokers; basis; application; subsidiaries
12
Rebates; prohibition; effect of filing of premium finance agreement
13
Form of agreement
14
Excessive charges
14A
Group credit life or accident and health or involuntary unemployment insurance charges; prepayment; refunds; death benefits; disclosure statements; violations
15
Delinquency, collection and cancellation charges
16
Prohibited provisions in agreements
17
Payment in absence of notice of assignment
18
Statement of payments and unpaid amounts; full payment by insured
19
Payment in full before maturity; refund
20
Extensions or deferments
21
Cancellation of insurance contract; refund of finance charges; deficiency; notice of cancellation
22
Scope and application of chapter
23
Truth-in-lending act; application