§2860-A. Commissions
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. [PL 1993, c. 645, Pt. B, §6 (AMD).]
SECTION HISTORY
PL 1993, c. 208, §3 (NEW). PL 1993, c. 645, §B6 (AMD).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 37: CONSUMER CREDIT INSURANCE
24-A §2851. Scope of provisions
24-A §2852. Purpose; construction
24-A §2855. Amounts of insurance
24-A §2857. Policy provisions; delivery or disclosure to debtors
24-A §2858. Filing, approval and withdrawal of forms, rates; appeals
24-A §2859. Premium rates; refunds; accounts credited when insurance not issued
24-A §2860. Authorized insurer, agent required
24-A §2861. Premium not deemed interest; amount, collection