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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

MPIUA: Temporary Office Space

MPIUA: Temporary Office Space Friendly Reminder  

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