Licensed insurance producers may sell annuities in Massachusetts, including indexed annuities without having security designations, albeit with caveats.
New Rule Raises Minimum Salary For Overtime to $35,568 As Of January 1, 2020
The Labor Department believes the new rule will give 1.3 million workers the right to overtime.
Arlington Agency Owner Indicted For Fraudulently obtaining Veteran and Social Security Benefits
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.
Mass. Highest Court Rules Consent-To-Settle Clause Does Not Violate Public Policy Of The Unfair Claim Statute
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).
Massachusetts Division Of Insurance Revokes Two Insurance Producers’ Licenses
The revocations were for the insurance producer’s failure to report administrative actions.
