(1)Authority. 211 CMR 143.00 is promulgated under the authority granted by M.G.L. c. 176D, § 3.(2)Purpose. The purpose of 211 CMR 143.00 is to require disclosure to consumers of the coverage, costs and other aspects of credit insurance related to a credit transaction so that a consumer may make a more informed decision.(3)Severability Clause. The provisions of 211 CMR 143.00 are severable.