SDIP and Notice to Reinquire
Question SDIP and Notice to Reinquire This question was answered based upon current rules, regulations & statutes in effect on January, 2022. Question- … I have a client that was involved in an AFA on 12/16 and convicted on 12/22. Their renewal policy was released on 12/3, to be effective 12/31 and was paid in…
MAIA State Legislative Update – March 2022
MAIA State Legislative Update As we head down the homestretch of the 2021 – 2022 legislative calendar we want to give MAIA’s members an update on what’s been happening on Beacon Hill. The legislature is now in the second year of the 2-year session, with formal sessions scheduled to end on July 31, 2022. That leaves…
Where It Rains – It Can Flood
Where It Rains – It Can Flood The first day of spring is coming! That means heavy rains at any time and flooding. Here in MA – many towns have experienced flash flooding due to torrential downpours in the past few years. Ask yourself, “Are your insureds ready and protected with flood insurance?” MAIA’s Number One Insurance Agency…
What You Need to Know About the DOI’s Transition to the SBS System
What You Need to Know About the DOI’s Transition to the SBS System As noted in our MassAgent Newsletter, the Division of Insurance is transitioning to the State Based System (SBS) for insurance regulatory functions. In doing so this means a CHANGE for YOU. Outlined below are what those changes are going to be and what…
Where It Rains – It Can Flood
Where It Rains – It Can Flood The first day of spring is coming! That means heavy rains at any time and flooding. Here in MA – many towns have experienced flash flooding due to torrential downpours in the past few years. Ask yourself, “Are your insureds ready and protected with flood insurance?” MAIA’s Number One Insurance Agency…
Acceptance of Scanned or Faxed Copies of the RTA
Acceptance of Scanned or Faxed Copies of the RTA In March 2020, the RMV temporarily amended the proof of insurance policy with the understanding that insurance companies and agents may select to work remotely, or stop in-person visits to their offices. This policy change has been extended indefinitely. READ THE FULL UPDATE HERE. FOR REGISTRY-RELATED…
Acceptance of Scanned or Faxed Copies of the RTA
Acceptance of Scanned or Faxed Copies of the RTA In March 2020, the RMV temporarily amended the proof of insurance policy with the understanding that insurance companies and agents may select to work remotely, or stop in-person visits to their offices. This policy change has been extended indefinitely. READ THE FULL UPDATE HERE. FOR REGISTRY-RELATED…
PL or CL Policy and/or Coverage
PL or CL Policy and/or Coverage This question was answered based upon current rules, regulations & statutes in effect on March 5, 2021 We have a Special Form CPP (CP 10 30 04-02) policy with Water exclusion Endorsement BP 01 59 (0808) The roof leaked during a rain storm causing interior damage to walls and…
CDL Medical Certificates Extension – March 2022
CDL Medical Certificates Extension The Federal Motor Carrier Safety Administration (FMCSA) has issued an additional waiver for CDL Medical Certificates (DOT Medical Cards). Certificates that expire between February 28, 2022 and April 14, 2022 will expire on April 15, 2022. The RMV has updated customer records in ATLAS. Affected customers will receive an email informing them…
CDL Medical Certificates Extension – March 2022
CDL Medical Certificates Extension The Federal Motor Carrier Safety Administration (FMCSA) has issued an additional waiver for CDL Medical Certificates (DOT Medical Cards). Certificates that expire between February 28, 2022 and April 14, 2022 will expire on April 15, 2022. The RMV has updated customer records in ATLAS. Affected customers will receive an email informing them…
PL or CL Policy and/or Coverage Question?
PL or CL Policy and/or Coverage Question? This question was answered based upon current rules, regulations & statutes in effect on January, 2022. Question I had a question on Ordinance or Law coverage. Specifically related to a DP3. When a client purchases an increased amount of ordinance or law, does that actually increase the dollar…
Real Estate Professional Liability and Cyber!
Real Estate Professional Liability and Cyber! Number One offers multiple markets for these commercial products that are now available for you to offer your customers. Our Real Estate Professional Liability program covers residential and commercial independent brokers, large firms and also other industry-servicing professionals such as leasing agents, property managers, and appraisers. We can also assist you with…
Insurance Stamps Not Required For Moped Registration Renewals
Insurance Stamps Not Required For Moped Registration Renewals Some RMV customers have received Registration Renewal (RMV-2) Forms that state that insurance stamps are required for their moped registration renewals. This is incorrect; mopeds DO NOT require proof of insurance. These moped renewals can be completed online or by mail. If customers ask, please let them…
Real Estate Professional Liability and Cyber!
Real Estate Professional Liability and Cyber! Number One offers multiple markets for these commercial products that are now available for you to offer your customers. Our Real Estate Professional Liability program covers residential and commercial independent brokers, large firms and also other industry-servicing professionals such as leasing agents, property managers, and appraisers. We can also assist you with…
Insurance Stamps Not Required For Moped Registration Renewals
Insurance Stamps Not Required For Moped Registration Renewals Some RMV customers have received Registration Renewal (RMV-2) Forms that state that insurance stamps are required for their moped registration renewals. This is incorrect; mopeds DO NOT require proof of insurance. These moped renewals can be completed online or by mail. If customers ask, please let them…
Big “I” Answers FAQs About Certificates of Insurance
Big “I” Answers FAQs About Certificates of Insurance The Big “I” Virtual University regularly hosts webinars about Certificates of Insurance (COIs), and they’ve recognized just how many agencies struggle with them. Here are some of their answers to many of the frequently asked questions: Q: Once you have reviewed the request and executed the COI, how…
Massachusetts Division of Insurance is Transitioning to SBS
Massachusetts Division of Insurance is Transitioning to SBS The Massachusetts Division of Insurance is transitioning to the State Based Systems (SBS) on March 16th! This is going to affect you! Items that are changing include YOUR license number and more! Please review this flyer for more details from the State. We know this is a very short…
Blank Check with RMV
Question Blank Check with RMV This question was answered based upon current rules, regulations & statutes in effect on July 26, 2021 We wish to thank you for all your help with the registry. We do have a question on what the registry is currently doing. If an insured buys a vehicle from a non-dealer you…