{"id":26259,"date":"2024-05-24T00:00:00","date_gmt":"2024-05-24T04:00:00","guid":{"rendered":"https:\/\/www.resourcepro.com\/bulletin\/massachusetts-issues-bulletin-regarding-inducements-rebates-and-affiliated-entities\/"},"modified":"2024-05-24T00:00:00","modified_gmt":"2024-05-24T04:00:00","slug":"massachusetts-issues-bulletin-regarding-inducements-rebates-and-affiliated-entities","status":"publish","type":"bulletin","link":"https:\/\/www.resourcepro.com\/bulletin\/massachusetts-issues-bulletin-regarding-inducements-rebates-and-affiliated-entities\/","title":{"rendered":"Massachusetts Issues Bulletin Regarding Inducements, Rebates and Affiliated Entities"},"content":{"rendered":"\n<p><strong>MA | <\/strong>The Division of Insurance has issued <strong>Bulletin 2024-06<\/strong> to remind insurance companies, officers thereof, and insurance producers authorized to operate in Massachusetts that M.G.L. c. 176D, \u00a73(8) prohibits, as unfair or deceptive acts or practices in the business of insurance, such companies, officers and producers from paying, giving, or allowing to pay or give, directly or indirectly, \u201canything of value\u201d or \u201cany valuable consideration\u201d, not specified in the insurance contract, as an inducement to the purchase of insurance or a rebate of insurance premium. M.G.L. c. 176D, \u00a73(8) also prohibits insurance companies and insurance producers from providing or allowing \u201cany special favor or advantage\u201d to accrue to an insurance purchaser that is not specified in the contract.<\/p>\n\n\n\n<p><strong><em><a href=\"https:\/\/www.mass.gov\/doc\/bulletin-2024-06-inducements-rebates-by-affiliates-issued-may-24-2024\/download\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to continue reading<\/a><\/em><\/strong>.<\/p>\n","protected":false},"featured_media":21441,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"department":[252],"state":[311],"class_list":["post-26259","bulletin","type-bulletin","status-publish","format-standard","has-post-thumbnail","hentry","department-department-of-insurance","state-massachusetts"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin\/26259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin"}],"about":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/types\/bulletin"}],"version-history":[{"count":0,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/bulletin\/26259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media\/21441"}],"wp:attachment":[{"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/media?parent=26259"}],"wp:term":[{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/department?post=26259"},{"taxonomy":"state","embeddable":true,"href":"https:\/\/www.resourcepro.com\/wp-json\/wp\/v2\/state?post=26259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}