Protect Your Clients and their Warm-Weather Toys
Protect Your Clients and their Warm-Weather Toys Before your clients start revving up the engines on their motorcycles, boats, jet skis, RVs, and classic cars, make sure they and their belongings are protected with a “toy” policy through Number One.
WCRIBMA Special Bulletin: Residual Market Loss Ratio & Burden Estimate — April 2019
WCRIBMA Special Bulletin: Residual Market Loss Ratio & Burden Estimate — April 2019 The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) released Special Bulletin 04-19, Residual Market Loss Ratio and Burden Estimate. Residual Market Burden is a measure of the pool-related cost that pool members incur when writing assessable voluntary business.
MAIA & Big “I” Tools Will Help You Find Top Talent
MAIA & Big “I” Tools Will Help You Find Top Talent “Finding and keeping qualified staff is the top challenge for many independent agencies, and we’ve pulled together a powerful arsenal of tools and technology to help our members fight this battle on all fronts,” says Nick Fyntrilakis, MAIA’s President and CEO. Big “I” Hires…
WCRIBMA Circular Letter: Establishment of an Audit Noncompliance Charge
WCRIBMA Circular Letter: Establishment of an Audit Noncompliance Charge The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) has issued Circular Letter No. 2348, Establishment of an Audit Noncompliance Charge, dated April 4, 2019, and titled. The letter explains a pilot program that would enable WC insurance carriers, under certain conditions, to apply a noncompliance charge…
CAR Bulletin: DOI Disapproves Proposed Amendment to Rule 29: Assignment Process
CAR Bulletin: DOI Disapproves Proposed Amendment to Rule 29: Assignment Process Commonwealth Automobile Reinsurers (CAR) Bulletin 1078, dated April 4, 2019, reports the Division of Insurance (DOI) decision to disapprove a proposed amendment to Rule 29 of the Rules of Operation that would have changed the credit factors for carriers writing voluntary business instead of placing them…
Hired Auto Physical Damage
Hired Auto Physical Damage QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 27, 2019 Hi I have a question regarding an insured who had a rented car. They did not purchase the physical Damage coverage from rental company, and do not have coverage under their commercial auto…
Non Owned Auto Policy
Non Owned Auto Policy QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 28, 2019 Can you suggest where I might be able to obtain a quotation for Drive Other Car / Non-Owned Auto policy for an individual, who does not own a personal auto but may borrow…
Garaging Change
Garaging Change QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 12, 2019 We have a client who recently bought a new car, the car should have been garaged on Martha’s Vineyard. The dealership accidentally registered the car with garaging in Brookline. We have in our notes that…
USDOT Number
USDOT Number QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 13, 2019 Regarding the new U.S. DOT number assignment for intrastate carriers – the regulation says every motor vehicle engage in intrastate “commerce”. Are contractors such as landscapers, plumbers, etc considered to be engaged in “commerce”? Thank…
Plate Type
Plate Type QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 13, 2019 I have a client that has a personal policy rated class 30 as she is a massage therapist and occasionally goes to someones home. She does put magnetic signs on her car occasionally, is she…
Important NFIP Changes
Important NFIP Changes In Bulletin W-19002, FEMA announced changes to Cancellation Reason Code 26 of the NFIP Flood Insurance Manual (FIM). The new language states that a policyholder canceling their NFIP policy in favor of a private flood policy is eligible for a full premium refund without FEMA approval only if:
Partners Insurance Group Renews Five Star Agency Designation
Partners Insurance Group Renews Five Star Agency Designation The Massachusetts Association of Insurance Agents (MAIA) is proud to announce that Partners Insurance Group of Fairhaven, Fall River (2), New Bedford, Seekonk, Somerset, Swansea, and Tiverton, RI, has renewed their Five Star Agency Designation. They have been a Five Star Agency since 2015 and continue to…
Spring Your Clients from the WC Pool with Voluntary Market Coverage
Spring Your Clients from the WC Pool with Voluntary Market Coverage Spring is here and outdoor activity is revving up! Do your clients a favor and place their Workers’ Comp coverage in the voluntary market. Just some of the risks that Number One Insurance Agency may be able to assist you with:
Can a REAL ID be switched to Standard ID
Can a REAL ID be switched to Standard ID QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 13, 2019 I have a customer who recently obtained a real ID and the RMV issued it with her given middle name to follow her birth certificate. After this woman…
Summary of Changes in the New MA Driver’s Manual
Summary of Changes in the New MA Driver’s Manual The English version of the new (03/2019) MA Driver’s Manual is now in the RMV warehouse and will soon be distributed to all RMV Service Centers, and will also be available on the RMV website (www.mass.gov/rmv). The new version has a purple cover and features an…
M-0051-S Use of Other Autos
M-0051-S Use of Other Autos QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 07, 2019 I’m hoping to get some information on MA Endorsement M-0051-S-Use of Other Autos-Vehicles Furnished or Available For Regular Use Curious who should be buying this endorsement? Also, would it be required if…
CAR Bulletin: DOI Approves Amendment to Rule 14: ERP Requirements
CAR Bulletin: DOI Approves Amendment to Rule 14: ERP Requirements Commonwealth Automobile Reinsurers (CAR) Bulletin 1077, dated March 29, 2019, reports the Division of Insurance (DOI) decision to approve changes to Rules of Operation Rule 14 – Exclusive Representative Producer Requirements.