SECTION1. Subsection (D) of Section 113H of Chapter 175, as appearing in the 2006 Official Edition, is hereby amended by inserting after the first paragraph the following paragraph:-
A duly licensed insurance producer, certified to place business in the plan, shall own and have an exclusive right, as the insured’s producer of record, to use certain insurance information of the insured embodying the records of the insurance agency which shall include but not be limited to the name of the insured, the policy inception date, the amount of insurance coverage, the policy number and the terms of insurance. If a policyholder, insured through the plan with an assigned risk carrier, is offered voluntary coverage by said carrier and the policyholder accepts the offer, the insured’s producer of record shall continue to represent the insured written or renewed in the voluntary market, and such policy shall be continued to be serviced through the producer of record, unless:
(1) said producer is decertified or suspended by the plan or the Commissioner of Insurance, (2) at the insured’s request, the insured terminates such producer as its producer of record, or (3) the producer of record is precluded from dealing with other insurance companies pursuant to an exclusive agency contract; provided, further, if a policy is written or renewed on a voluntary basis, the assigned risk carrier shall pay the insured’s producer of record the commission rate as set forth in the first paragraph of subsection (D), regardless of whether the producer of record has an agency agreement with that assigned risk carrier.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.