Agreed Value
This question was answered based upon current rules, regulations & statutes in effect on May 5, 2020 QUESTION I hope you are doing well despite everything that is going on and that you and your family are safe and healthy. I’ve taken several of your classes and I think you would be able to…
GarageKeepers
This question was answered based upon current rules, regulations & statutes in effect on May 13, 2020 QUESTION Carrier added a form MM9920 to a Garagekeepers policy and they won’t remove it. Is this form mandatory? Thank you
Registry News: Essential vs. Non-Essential Transactions During Pandemic
The RMV continues to act out of an abundance of caution throughout the duration of Governor Baker’s State of Emergency as a result of the COVID-19 pandemic. To adhere to the Governor’s plan to safely reopen Massachusetts, the only transactions that will be processed at Service Centers are those that the RMV considers “essential.” Effective…
BOP
This question was answered based upon current rules, regulations & statutes in effect on May 11, 2020 QUESTION I hope you are doing well through all this! We have a question… We are quoting a hotel. They have a management company that pays all the expenses and collects receipts. In the event of a…
Registry News: Attleboro B2B Service Center Opening May 26
The MA Registry of Motor Vehicles (RMV) is opening an additional dedicated B2B Center at the Attleboro RMV next Tuesday, May 26, 2020. This is in addition to the existing Milford, Wilmington, and Chicopee dedicated B2B Service Centers. New IRP transactions will not be processed at the Attleboro B2B but will still be conducted at the Milford and Wilmington Service…
CARVANA
This question was answered based upon current rules, regulations & statutes in effect on May 13, 2020 QUESTION I have a client that is purchasing a vehicle from Carvana online . They are asking me to stamp the RTA form and send it back to them. They send me the title but said they…
Reopening: Template for Creating Written Control Plan
All businesses in the state of MA (including those deemed essential, such as insurance agencies) are required to develop a written control plan outlining how the workplace will comply with the mandatory safety standards for operation in the COVID-19 reopening period. The state has created a template that may be filled out to meet that…
MAIA Advocacy Fund 2020: THANK YOU Supporters!
06/30/2020 Update…A huge THANK YOU to all the agencies that contributed to the 2020 MAIA Advocacy Fund (listed below)! With so much at stake today, your support is essential to MAIA’s advocacy team as they bring your concerns to the table with Massachusetts legislators and regulators.
DOI Calls for Carrier Flexibility in the Administration of Vacancy Clauses
The Division of Insurance (DOI) has issued Bulletin 2020-17, dated May 18, 2020, which acknowledges the fact that many MA businesses not deemed essential were required to close, and advising all property and casualty carriers in MA that they “should be looking for all ways to be flexible in counting days of vacancy to provide…
We Know Flood Insurance & We Can Help You!
Warning! Heavy rains are on the radar, especially this time of year! Anywhere it rains – it can flood. Are your insureds ready and protected with this important coverage? Do you offer flood to every insured? Why do we ask? Consider these statistics:
Mortgagee Question
This question was answered based upon current rules, regulations & statutes in effect on May 14, 2020 QUESTION I hope all is well with you. Hoping you can shed some light as I’ve been going back and forth with insured and bank on this. Bank is requesting to be listed as a Mortgagee for…
Registry News: RMV is Defining Its New Normal & Your Feedback Can Help
The MA Registry of Motor Vehicles (RMV) is currently looking at all of its workflow processes to determine what the “new normal” will look like as Massachusetts moves toward reopening. MAIA spoke with the RMV and learned that there will be both short- and long-term changes, but these are still in the discussion stage. Rest…
Operators and the MAP
This question was answered based upon current rules, regulations & statutes in effect on May 15, 2020 QUESTION We have a potential client that bought a car for his grandson but kept it in his own name until grandson was 18. About 9 months after grandson got his license he was in an accident…
Pre-Existing Damage
This question was answered based upon current rules, regulations & statutes in effect on May 12, 2020 QUESTION First and foremost, hope you are all safe… if not sane! Irene, as I texted you this morning, thanks for calling me back and leaving a voicemail yesterday, so sorry I missed you. Given you are…
Voluntary Revocation of Operating Authority: Q&A from FMCSA
Many companies that operate apportioned, plated tractor trailers registered under IRP have suspended operations, and may be considering voluntary revocation of their operating authority. The Federal Motor Carrier Safety Administration (FMCSA) has received numerous questions about this, and agents may be getting questions about the related insurance ramifications. The FMCSA has created a Q&A sheet,…
IRP Renewal Typo
This question was answered based upon current rules, regulations & statutes in effect on May 12, 2020 QUESTION One of my customers received an IRP renewal application to be completed in May. The application is calling for the actual mileage from 7/1/19 to 6/30/2020. If the insured is suppose to return the application before…
Extension on 7 Day Law
This question was answered based upon current rules, regulations & statutes in effect on May 12, 2020 QUESTION We were wondering whether the police and the registry are enforcing the 7 day plate registration transfer law. Dealers that aren’t on the drive program are having a very difficult time getting appointments for their transfers.…
Reopening Guidelines & Safety Standards for Massachusetts
This week, Governor Baker released a phased approach for reopening the Massachusetts economy. As ‘essential’ businesses, insurance agencies have been allowed to remain open as long as they adhere to Massachusetts’ mandatory safety standards for workplaces, including social distancing measures. Nevertheless, many agencies have chosen to close their physical premises and limit customer contact. MAIA…