211 CMR 142.00 is promulgated pursuant to St. 1998, c. 129: An Act Providing Consumer Protection Relative to the Sale of Insurance by Banks, St. 2002, c. 454: An Act Relative to Credit Unions and St. 2008, c. 423: An Act Relative to the Operation of Credit Unions. The purpose of 211 CMR 142.00 is to regulate the insurance sales activities of banks, credit unions and lenders in Massachusetts and to ensure that such business is conducted in compliance with the consumer protection laws of the Commonwealth.
211 CMR, § 142.01