Revisiting Berkshire Hathaway’s 3-Page Small Business Policy
Revisiting Berkshire Hathaway’s 3-Page Small Business Policy THREE, the 3-page small business policy marketed by Warren Buffett’s Berkshire Hathaway, presents statements such as: “no need for brokers or lawyers to translate your policy” and “by simplifying the process we were able to take out the middleman.” In case you missed it, Chris Boggs of the Big…
Audit Reveals Overbilling of Insurance Companies by DOI
Audit Reveals Overbilling of Insurance Companies by DOI Last week, MA State Auditor Suzanne M. Bump released an audit that calls on the Division of Insurance (DOI) to discontinue an unauthorized practice that has exempted more than 62 insurers from paying a required annual fee. As a result of this practice, the remaining insurance companies…
CAR Bulletin No. 1085-Servicing Carrier and ERP Standards for the Verification of Applicant Drivers’ Licenses
CAR Bulletin No. 1085-Servicing Carrier and ERP Standards for the Verification of Applicant Drivers’ Licenses This recent CAR Bulletin outlines the new standards for Servicing Carriers and ERPs to follow in verifying an applicant’s’ driver’s license . For all new business in the commercial automobile residual market, and for all new and renewal business in the…
Intrastate Commerce and USDOT
Intrastate Commerce and USDOT QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 14, 2019
MM2026 & Damage to Leased Vehicle
MM2026 & Damage to Leased Vehicle QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 14, 2019
Different Limits on Owned Autos
Different Limits on Owned Autos QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 19, 2019
OLD Trailers and Titles
OLD Trailers and Titles QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 20, 2019
Register a Golf Cart
Register a Golf Cart QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 20, 2019
Free Job Postings & Resume Review for Members Only
Free Job Postings & Resume Review for Members Only Your agency is looking for great people to join your team. Meanwhile, smart, motivated people who want to work in insurance are actively seeking job opportunities. If only you could find each other! Well, guess what: You can and it’s FREE. MAIA’s online Career HQ is…
Lemonade … and Purchasing Insurance
Lemonade … and Purchasing Insurance By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW — VP of Technical Affairs, MAIA
Help Number One Help You with E&O
Help Number One Help You with E&O As a subsidiary of MAIA, the Number One Insurance Agency (Number One) is here to protect and serve your agency. At the same time, any profits generated by Number One go back to support the work of MAIA. And of course, MAIA is here to protect and serve…
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 08-19
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 08-19 The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) released Special Bulletin 08-19, Updated Information on Residual Market Share.
What is Glass
What is Glass QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 20, 2019
TURO
TURO QUESTION This question was answered based upon current rules, regulations & statutes in effect on June 21, 2019
Changes Coming for Vehicle Valuation & MSRP Data Access via RMV
Changes Coming for Vehicle Valuation & MSRP Data Access via RMV The RMV’s current operational system (ALARS) provides insurance companies and agents access to Vehicle Valuation and Manufacturer’s Suggested Retail Price (MSRP) data from the National Dealers Association (NADA) via a screen and guest function. However, when the RMV completes its transition to ATLAS Release…
Rental Car Loss Of Use
Rental Car Loss Of Use QUESTION This question was answered based upon current rules, regulations & statutes in effect on July 19, 2019
Lease Buyout
Lease Buyout QUESTION This question was answered based upon current rules, regulations & statutes in effect on July 24, 2019 Hope all is well. If someone buys out their lease in MA, are they subject to sales tax when they re-register? Client advised she had already paid sales tax on the original transaction. Thanks