Update Address for Commercial Client
This question was answered based upon current rules, regulations & statutes in effect on April 8, 2020 QUESTION I have a likely easy question – my commercial client needs to update their mailing address. I don’t see that I can do this on line. Can you confirm before we go through the efforts of…
Driver Retraining Classes
This question was answered based upon current rules, regulations & statutes in effect on April 8, 2020 QUESTION One of our younger customers had three recent driving incidents and needs to attend additional driver’s education classes to keep her driver’s license. Is the RMV still holding these classes or are they on hold?
Paycheck Protection Program – 2 On-Demand Webinars for Independent Agencies
Created specifically for MAIA/Big “I” members, these two recorded webinars explain the new Paycheck Protection Program, which provides forgivable SBA loans for small businesses to keep their workers on the payroll during the COVID-19 crisis. (that’s you!):
ePayPolicy Gives MAIA Members First Month Free!
You’re doing all that you can to serve your clients. We’re here to support you and give you the resources you need to continue to operate. Our preferred digital payment processor ePayPolicy can help! Insureds still need to make payments, and ePayPolicy provides your agency with a digital, branded payment page that eliminates the need for…
Cybercriminals Are Having a Field Day! Protect Your Agency
Cybercrime is growing as hackers prey on our coronavirus fears and exploit security gaps from disrupted business routines, relocated staff, and our shift to online connections with clients and carriers. Don’t be the insurance agent that doesn’t have the coverage you need! If you haven’t yet purchased cyber protection for your agency, or you want…
Merit Rating Board Message Re: Adding Driving Violations After Policy Renewal
The Massachusetts Merit Rating Board (MRB) recently sent a communication to all companies which MAIA would like to share with our members. The MRB message states:
Tech Talk: MAIA Member PSA: Look What’s Available at Your Virtual Fingertips
MAIA Member PSA: Look What’s Available at Your Virtual Fingertips By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW — VP of Technical Affairs
MAIA Board of Directors Seeks Nominees
Be part of the solution! MAIA’s nominating committee is seeking collaborative problem solvers to serve on our Board of Directors. Bring your experience, energy, and perspective to the table as we develop practical solutions to help our members address challenges such as talent recruitment, technology, and business optimization.
DOI Bulletin: Individual Insurance Licensing During COVID-19
The MA Department of Insurance (DOI) has issued Bulletin 2020-12, which confirms the news we shared last week, that all insurance licenses that were “in good standing” as of March 10 will remain valid for 90 days after the Emergency Declaration is lifted. The DOI encourages licensees to complete CE requirements in advance of their…
RMV Insurance Stamp
This question was answered based upon current rules, regulations & statutes in effect on March 25, 2020 QUESTION Is the RMV allowing faxed copies of the stamped RTA for clients purchasing vehicle from private sale? Some clients don’t have printers. I know they allow for dealers to do it this way. I thought I…
Family Exemption
This question was answered based upon current rules, regulations & statutes in effect on March 2, 2020 QUESTION We have a title in the mother and sons name. The mother wants her name off the title loan is paid off. Does the son now have to pay sales tax on the car?
CAR Bulletin No. 1097 – Guidance for Servicing Carriers and Exclusive Representative Producers during the COVID-19 Public Health Crisis
CAR Bulletin No. 1097 – Guidance for Servicing Carriers and Exclusive Representative Producers during the COVID-19 Public Health Crisis According to Commonwealth Automobile Reinsurers (CAR) Bulletin 1097, the Registry of Motor Vehicles has requested that CAR issue a bulletin to advise industry participants of the RMV’s new Registration and Title Application (RTA).
RMV Extends Registrations by 60 Days for March/April Expirations
RMV Extends Registrations by 60 Days for March/April Expirations Effective immediately, the RMV has extended all passenger plates/registrations that expired in March and that are due to expire in April for 60 days. Customers who have not renewed a registration that expired on March 31, 2020 have been extended until May 31, 2020. Customers who…
PAN or AHN
PAN or AHN This question was answered based upon current rules, regulations & statutes in effect on March 10, 2020 QUESTION I have a client who has welded a slide-on camper to his pickup truck. I’ve been informed the slide-on does have a running toilet. Is this pickup truck now a camper that will…
Event Cancellation – Coronavirus
Event Cancellation – Coronavirus This question was answered based upon current rules, regulations & statutes in effect on March 10, 2020 QUESTION I am looking to find coverage for a one-day event if it were to get a canceled due to the Corna virus. My insured is planning an engagement party in May at…
E&O Risk Management: What Agents Should NOT Say About Coverage
E&O Risk Management: What Agents Should NOT Say About Coverage This E&O Risk Management Alert from Utica National gives advice for agents and producers to help avoid E&O claims: “During this time of crisis, it is imperative that insurance agents and producers do not make any statements or representations to their clients regarding the potential…
FFCRA & CARES Act: Resources for Independent Agents
FFCRA & CARES Act: Resources for Independent Agents The Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, Relief, and Economic Security (CARES) Act open up many new avenues of assistance to help prevent more workers from losing their jobs and small businesses from going under. These resources will help you understand and benefit from…
InsurBanc Will Work with Eligible Agencies to Obtain PPP Loans
InsurBanc Will Work with Eligible Agencies to Obtain PPP Loans As you know, Congress recently approved $350 billion through various SBA lending programs to help small businesses survive and recover from losses suffered during this crisis. InsurBanc is prepared to work with eligible agencies to obtain the emergency financing offered through the Paycheck Protection Program. This program…