Host Liquor Coverage & The Homeowner’s Policy – Fact or Fiction?
Host Liquor Coverage & The Homeowner’s Policy – Fact or Fiction? By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW – VP of Technical Affairs, MAIA
Rental Car
Rental Car QUESTION This question was answered based upon current rules, regulations & statutes in effect on February 16, 2018
RMV Announces Training for ATLAS
RMV Announces Training for ATLAS ATLAS Training Schedule With the rollout of the RMV ATLAS system fast-approaching (March 26, 2018), the RMV has scheduled several tiers of user training over the next 6 weeks. The RMV released an email communication detailing the RMV’s Training Schedule and some Key Dates to be aware of. MAIA has…
Vehcile Purchased in Florida
Vehcile Purchased in Florida QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 08, 2018
Cancellation
Cancellation QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 09, 2018
Presidents’ Day Closure
Presidents’ Day Closure The MAIA and Number One Insurance Agency offices will closed Monday, February 19th, in observance of Presidents’ Day. Our offices will re-open Tuesday, 2/20.
CAR Votes to Adopt 2016 MAP
CAR Votes to Adopt 2016 MAP At the recommendation of the MAIP Steering Committee, the CAR Governing Committee voted unanimously to adopt the AIB 2016 Massachusetts Automobile Insurance Policy inclusive of the Notice to Policyholders, Massachusetts Mandatory Endorsement, Operator Exclusion Form and Statutory Notice of Cancellation. The filing will now be sent to the Division of…
Trailers and the MAP
Trailers and the MAP QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 16, 2018
Legislative Update – February 2018
Legislative Update – February 2018 Good news to Report from Beacon Hill – But we Still Need Your Help!
Young Agent Updates – February 2018
Young Agent Updates – February 2018 Meet a Committee Member I came to join my small family-owned agency full time (we won’t count all the years I spent filing in the basement as an “intern” – aka unpaid laborer) just after graduating from the University of Miami in 2010. With just four people on staff (including…
LPRs
LPRs QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 16, 2018
Autonomous Car
Autonomous Car QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 17, 2018
NH Auto Policy Exclusion
NH Auto Policy Exclusion QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 23, 2018
Renew in Advance Letters – Reminder
Renew in Advance Letters – Reminder In preparation for the change to documentation required to obtain a license/ID card effective March 26th, a new renewal letter will be mailed early in the week of February 11th. The following customers will receive the letter:
Business Use Class 30?
Business Use Class 30? QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 24, 2018
MAP Classification and Rating
MAP Classification and Rating QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 24, 2018
MRVs
MRVs QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 29, 2018
New RMV User Agreement Now Available
New RMV User Agreement Now Available As communicated in last week’s Special Edition of the Registry News, the RMV has released a new user agreement. The new user agreement is being issued in the run up to the launch of Phase I of the ATLAS System; a technology upgrade that will replace the current ALARS…
Garaging and Excise Tax
Garaging and Excise Tax QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 21, 2017
Tax Reform, Agency Valuation and M&A
Tax Reform, Agency Valuation and M&A The Big “I” recently addressed another aspect of the sweeping changes to the tax code enacted by President Trump that may affect independent insurance agencies – agency valuation and M&A. While dramatic changes are not expected as a result of tax reform, MAIA members may find the following of interest…
List of RMV Codes
List of RMV Codes QUESTION This question was answered based upon current rules, regulations & statutes in effect on November 09, 2017
E&O: Avoid Gaps When Moving an Account
E&O: Avoid Gaps When Moving an Account Utica National Insurance Group brings monthly loss control articles to MAIA members directly from the risk management team. Read the article below or download this month’s article in PDF format.
Risk Management Alert for Your Attorney Clients
Risk Management Alert for Your Attorney Clients In an effort to help raise awareness of the current epidemic of fraudulent wire fund transfers, we are sharing information from Swiss Re Corporate Solutions. We suggest that you share this information with your clients who are attorneys – especially those involved in real estate transactions.
Big “I” News – Risk Management Webinar: All About UM/UIM
Big “I” News – Risk Management Webinar: All About UM/UIM Join Big “I” Professional Liability Wednesday, Feb. 21 at 2-3 p.m. ET for the next webinar in the Big “I”/Swiss Re Corporate Solutions Agency Risk Management Essentials series, Swerve to Avoid Agency Liability: All About UM/UIM.
Right to Review Appraisal
Right to Review Appraisal QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 25, 2018
Unpaid Premium
Unpaid Premium QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 26, 2018
Agents Council for Technology (ACT.) Releases Texting Resources for Agents
Agents Council for Technology (ACT.) Releases Texting Resources for Agents Tools to help agents comply with FCC requirements. The Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT), in conjunction with the Big “I” Office of the General Counsel, has released a sample text messaging opt-in form and sample terms and conditions…
TNCs
TNCs QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 26, 2018
Special Edition Registry News: New RMV User Agreements to be Sent February 5th
Special Edition Registry News: New RMV User Agreements to be Sent February 5th Updates as of 2/6/18 The RMV has sent a communication to agents which includes the new User Agreement. Agencies that access the RMV, should review this communication and complete the agreement per their instructions.{{cta(‘b0bc00d5-d6a6-4914-9fb3-254390602ded’,’justifycenter’)}} Many agents wrote or called in with questions…
Damaged Plate
Damaged Plate QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 29, 2018
Should My Insured (commercial client) Purchase Insurance from Rental Company?
Should My Insured (commercial client) Purchase Insurance from Rental Company? By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW – VP of Technical Affairs, MAIA
Accumulation of Events
Accumulation of Events QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 29, 2018
Commercial Auto Rating
Commercial Auto Rating QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 29, 2018
MAP Classification and Rating
MAP Classification and Rating QUESTION This question was answered based upon current rules, regulations & statutes in effect on October 24, 2017
Registration Transfer
Registration Transfer QUESTION This question was answered based upon current rules, regulations & statutes in effect on October 27, 2017
The Good You Do
The Good You Do We know our agents in Massachusetts are active in their communities and we at MAIA want to recognize “The Good You Do”. In an effort to highlight and honor the agencies that are so appreciated for their time and charitable acts, we want YOU to let us know The Good You…
Dual Registration
Dual Registration QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 24, 2018