Mass. Gen. Laws ch. 175 § 75
Current through Chapter 112 of the 2024 Legislative Session
No officer or other person whose duty it is to determine the character of the risks, and upon whose decision the application shall be accepted or rejected by a mutual fire company, shall receive as any part of his compensation a commission upon the premiums; but his compensation shall be a fixed salary, and, if the directors so determine, a share of the net profits. Nor shall such officer or person aforesaid be an employee of any officer or agent of the company.
Mass. Gen. Laws ch. 175, § 75