Insurance, Annuity Industry Wants Exclusion From Mass. ‘Junk Fee’ Rule

January 8, 2024 by Tra

The insurance and annuities industry have come out against a Massachusetts proposal to regulate hidden or surprise “junk” fees above the advertised price of goods or services.

The proposal by Massachusetts Attorney General Andrea Joy Campbell would prohibit hidden “junk fees,” which she said companies use to “deceptively hike prices” on consumers above advertised prices.

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Originally Posted at Financial Advisor on December 21, 2023 by Tra.