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.