Licensed insurance producers may sell annuities in Massachusetts, including indexed annuities without having security designations, albeit with caveats.
The Labor Department believes the new rule will give 1.3 million workers the right to overtime.
A federal grand jury in Boston indicted the agency owner on December 12, 2019, charging he fraudulently obtained $420 thousand in veteran and social security benefits.
On Monday, December 16, 2019, the Supreme Judicial Court decided the question of whether the consent-to-settle clauses commonly found in professional liability policies violated the unfair claim practice provision of M.G.L. c. 176D, § 3 (9) (f).
The revocations were for the insurance producer’s failure to report administrative actions.