02-031-900 Me. Code R. § 7
Current through 2024-52, December 25, 2024
Prior to receiving a fee in lieu of or in combination with commission for the sale of large commercial property and casualty insurance policies as defined in sub-§ 6, the insurance producer must obtain from the insured a written notarized certification of compliance with the standard identified in Subsection 6. A record of each certification must be maintained by the producer for a minimum of six years following the termination of the insurance policy. A copy of the certification must be provided to the insurer by the producer. Certification must be obtained upon each policy renewal stating that it meets the standards identified in sub-§ 6.
02-031 C.M.R. ch. 900, § 7