WCRIBMA Special Bulletin: Residual Market Loss Ratio and Burden Estimate 07-19
WCRIBMA Special Bulletin: Residual Market Loss Ratio and Burden Estimate 07-19 The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) released Special Bulletin 07-19, Residual Market Loss Ratio and Burden Estimate.
Lawful Presence – Valid Length of Stay
Lawful Presence – Valid Length of Stay To be eligible to obtain a driver’s license or ID card, a customer who is a non-U.S. citizen must have been granted lawful presence in the U.S. for at least 12 months (a valid length of stay).
Auto Pollution Liability
Auto Pollution Liability QUESTION This question was answered based upon current rules, regulations & statutes in effect on July 15, 2019 I have a question regarding pollution liability. We just took over an auto policy for a client that is a portable bathroom rental company. I noticed that the current policy did not have any…
Donated Vehicle and Requirements for Use
Donated Vehicle and Requirements for Use QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 10, 2019 Good Morning Irene, I have a unique situation, one of our nonprofits received a 2009 Ford F450 as a gift. The vehicle is presently being retrofitted at the vocational school (we have an inland…
Help Your Home Business Clients Weather the Storm
Help Your Home Business Clients Weather the Storm Anyone who’s turned on the news in recent months has seen reports of severe weather events occurring around the country. Inland floods and mudslides, windstorms, and fire are becoming more frequent and severe and unfortunately, many who experience them lack valuable coverage. That’s where you come in.…
MAIA Registry Procedures Manual July 2019 Updates
MAIA Registry Procedures Manual July 2019 Updates As many of you know, MAIA produces a wonderful resource to help agencies navigate the complex world of the MA RMV: The Registry Procedures Manual. Available by subscription and updated twice a year, the comprehensive digital manual puts the ever-changing rules, regulations, and forms from the MA RMV…
Principal Place of Business
Principal Place of Business QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 01, 2019 Regarding Principal Place of Business Certificate Form-I have a guy with a Ceded CL Auto Policy and his vehicle is registered to himself-he lives in Newburyport and his vehicle is garaged there. However,…
MA Extends Open Enrollment Period for Benefit Year 2020
MA Extends Open Enrollment Period for Benefit Year 2020 The open enrollment period for the 2020 benefit year in Massachusetts will extend from November 1, 2019, through January 23, 2020 (well beyond the standard end date of December 15.) The MA DOI issued information on this special enrollment period in Bulletin 2019-03, Guidance Regarding Open…
Carvana
Carvana QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 02, 2019 Wondering if you have heard of problems with insureds purchasing vehicles from Carvana- they will not sign over the title to the insured until 7 days after they purchase it because the insured has 7 days…
Travel Trailers used at Seasonal Campground
Travel Trailers used at Seasonal Campground QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 02, 2019 Happy Spring Irene: It came up in conversation with an underwriter from a particular insurance company that if a travel trailer is parked for the season (April-October) at a campground, that…
Agent Stamped RMV Form/Carrier Declined to Write
Agent Stamped RMV Form/Carrier Declined to Write QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 11, 2019 Reaching out to clarify – if we receive a new business application to review, and ultimately decline due to it being an ineligible risk, but the agency stamped an RMV…
Rough Notes Magazine Shines a Spotlight on Big “I” Hires
Rough Notes Magazine Shines a Spotlight on Big “I” Hires If we told you that finding new talent is a huge struggle in our industry, you’d probably say, “thanks, Captain Obvious.” However, as this excellent article by Christopher Cook of Rough Notes magazine explains, help is available to our members through Big “I” Hires, the…
Rented Handicap Accessible Van – Coverage
Rented Handicap Accessible Van – Coverage QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 11, 2019 Good Morning Irene, I have a question for you. My insured has a private passenger auto policy; they need to rent a handicap accessible van for a 24 hour period. The…
Shout Out to MAIA Advocacy Fund Donors
Shout Out to MAIA Advocacy Fund Donors We extend our heartfelt thanks to the following donors for supporting the 2019 MAIA Advocacy Fund! In Massachusetts politics, you never know when the next legislative, regulatory, or judicial battle will arise. But when it does, you know that MAIA will keep independent agents’ voices loud and clear…
Number One Shares Updates about Cyber Liability, Liquor/Assault & Battery, and More
Number One Shares Updates about Cyber Liability, Liquor/Assault & Battery, and More
Good News for IAs About Millennial Insurance Buyers
Good News for IAs About Millennial Insurance Buyers A new Liberty Mutual Insurance and Safeco Insurance research study shows that millennial insurance consumers’ views of insurance are largely aligned with older generations, dispelling many myths about this generation and presenting a huge opportunity for the independent agent channel.
Umbrella Quoting with MVR Information
Umbrella Quoting with MVR Information QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 22, 2019 I know this is an issue we have gone over a few times with you. In regards to quoting an umbrella we know we cannot provide MVR printouts. To obtain the quote…