Current through 2024-51, December 18, 2024
Section 137-21-05 - Agent Agreement Periods and Termination of Agent ServicesEach agent must enter into an agreement with the Department on a form prescribed by the Department. The location where sales of licenses and registrations are allowed shall be stated in the Agreement. At the commissioner's discretion, the commissioner may suspend an agent's MOSES capabilities for violations of 3 (a-c) below with only e-mail notification of the suspension. Agent agreements will be terminated in any of the following events:
1. The agent no longer wishes to act as a sales agent at the designated sales location, in which case the agent must notify the Department and immediately return all materials and supplies provided by the Department as part of the agent sales program and transfer all monies owed to the Department.2. The agent sells or leases the business to another party or otherwise attempts to transfer or assign the agreement.3. The commissioner terminates the agency agreement because of one of the following: a. Failure to comply with pertinent laws, rules, policies, or performance standards as determined by the commissioner;b. Delinquencies or failure by the agent in making payments, filing reports, or otherwise complying with the terms of this rule or of the agent agreement, as determined by the commissioner;c. Changing conditions, circumstances, or legal requirements as determined by the commissioner;d. Low volume of sales by the agent as determined by the commissioner. Agent agreements are not transferable or assignable to another person, location, business, or corporation.
09- 137 C.M.R. ch. 21, § 05