Proposed MA Millionaire’s Tax is a Tax on Your Retirement Fund
Proposed MA Millionaire’s Tax is a Tax on Your Retirement Fund Supporters of MA House Bill No. 86 and Senate Bill No. 12, the proposed Fair Share Amendment (a.k.a., millionaire’s tax), want to add a 4 percent surtax on income over $1 million. What they neglect to mention is what it will mean for non-millionaire…
Appeal of Surcharge Points
Appeal of Surcharge Points QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 07, 2019 We have an insured who was surcharged for an accident and at the time liability was determined I questioned it as I thought 50/50 was appropriate for this situation but the adjuster did…
Claims Question on Body Shops
Claims Question on Body Shops QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 08, 2019 I have an insured who has gone third party for his physical damage claim and the carrier will not accept a direction to pay from the body shop because they are not…
Rental of a U-Haul
Rental of a U-Haul QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 09, 2019 Is there a tech talk regarding rental of U-Hauls under a MA auto policy
Registration for 26,000 lb Truck and Permits
Registration for 26,000 lb Truck and Permits QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 13, 2019 If we have a vehicle with a GVW of 26,000 lbs. and travels in more that one state can we register Commercial without having to get trip permits when it…
Does Legal Cannabis Make the Restaurant and Bar Business More Risky?
Does Legal Cannabis Make the Restaurant and Bar Business More Risky? In this recent blog post, Richard Welch, Jr. of Hospitality Insurance Group shares important insights about the new liability risks arising from the legalization of marijuana. “While bartenders and servers are trained to spot people who are inebriated,” he points out, “identifying someone who…
5 Things MA Employers Need to Know about MPFL TODAY
5 Things MA Employers Need to Know about MPFL TODAY By Joseph J. Lawler, CEBS
Proof of Residency Documents from the Same Source
Proof of Residency Documents from the Same Source To apply for a REAL ID drivers’ license or ID card, a customer must present two documents to prove Massachusetts residency. There has been some confusion on whether these two documents can be from the same source. This training update serves as a clarification on the RMV’s…
Summer/Winter Swap
Summer/Winter Swap QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 13, 2019 Not sure if you can help me or someone else ? I tried finding this in the Registry but couldn’t find out the answer on What situations would you use the Summer/Winter swap box on…
NFIP Extension Through Sept. 30 Awaits President’s Signature
NFIP Extension Through Sept. 30 Awaits President’s Signature On Monday, June 3, the Big “I” released the following statement by Charles Symington, Big “I” senior vice president of external, industry & government affairs, on the Congressional reauthorization of the National Flood Insurance Program (NFIP): “The Big ‘I’ thanks the House of Representatives for passing the…
Principal Place of Business Form
Principal Place of Business Form QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 28, 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.…
Garage Risk
Garage Risk QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 08, 2019 I have a client that has a DLN plate but most of his revenue is derived from repairs. Since he works on heavy and x-tra heavy trucks, it would go to CAR. Does the %…
Commercial Policy and Trailers
Commercial Policy and Trailers QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 11, 2019 Does a BAP automatically extend liability coverage to a trailer(14,000 GVW), not listed on the policy, that is owned by the same person? I was always told that commercial policies need to have…
Tech Talk: MAP and Renting an Auto: Let’s Dispel This Ugly Rumor Once and For All
Tech Talk: MAP and Renting an Auto: Let’s Dispel This Ugly Rumor Once and For All By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW — VP of Technical Affairs, MAIA
Got Lawyer Clients? Get Number One’s LPLI Program
Got Lawyer Clients? Get Number One’s LPLI Program Agents: If you insure a lawyer for their auto, home, or business but not their professional liability… ask yourself why. (And then ask them to let you quote their LPLI policy!)
And the Award Goes to… Massachusetts Agents!
And the Award Goes to… Massachusetts Agents! L-R: Nick Fyntrilakis, Joe Leahy, John Koegel, Ray Gallant Massachusetts again received the National Championship Award for the most contributions of any state to InsurPac. John Koegel, Chairman, MAIA; Ray Gallant, National Director and InsurPac National Chairman; and Nick Fyntrilakis, MAIA President and CEO accepted the award on…
Additional Insured vs. Named Insured
Additional Insured vs. Named Insured QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 11, 2019 Should a person that is listed on a deed but doesn’t reside in the residence be listed as a named insured or additional insured?
Company Refusal to Add Driver – Can they do this
Company Refusal to Add Driver – Can they do this QUESTION This question was answered based upon current rules, regulations & statutes in effect on April 11, 2019 We have a client who recently bought an additional car. Their son had an injury and is disabled. The additional car was bought for their son’s friend…