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
Plate Type Reqired
Plate Type Reqired QUESTION This question was answered based upon current rules, regulations & statutes in effect on December 29, 2017
REAL ID – Related Client Letters/Inserts
REAL ID – Related Client Letters/Inserts In preparation for the implementation of REAL ID, the RMV will be mailing new letters and inserts to customers:
Trailer or Camper Plate
Trailer or Camper Plate QUESTION This question was answered based upon current rules, regulations & statutes in effect on July 06, 2017
Coverage Effective Date
Coverage Effective Date QUESTION This question was answered based upon current rules, regulations & statutes in effect on March 07, 2017
National Flood Insurance Program Lapses Due to Government Shutdown
National Flood Insurance Program Lapses Due to Government Shutdown After several short-term extensions that had been tied to the federal government’s spending bill, the National Flood Insurance Program (NFIP) officially lapsed on Saturday, January 20th. Until the program is reauthorized, no new flood policies can be purchased and no renewal bills can be paid.
Surcharges
Surcharges QUESTION This question was answered based upon current rules, regulations & statutes in effect on December 18, 2017
Trailers and the MAP
Trailers and the MAP QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 09, 2018
Expansion of Alternative Hour (Weekend) Class D Road Tests
Expansion of Alternative Hour (Weekend) Class D Road Tests
All RMV Service Centers Now Processing Taiwanese License Conversions
All RMV Service Centers Now Processing Taiwanese License Conversions
Registration Type
Registration Type QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 12, 2018
Purple Heart
Purple Heart QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 11, 2018
Out-of-State Vehicle Purchase
Out-of-State Vehicle Purchase QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 10, 2018
Number One Agency: Broker Agreement Changes
Number One Agency: Broker Agreement Changes Number One Insurance Agency, Inc. has made revisions and updated some of the language to the Broker Agreement and an updated Products Commission Schedule. Per the agreement, all active brokers have been made aware of the changes. No action is needed on behalf of current brokers. We suggest maintaining a…
Congratulations InsurPAC Contributors
Congratulations InsurPAC Contributors Congratulations and Thank You to each and every individual who contributed to InsurPac in 2017. It is because of THESE contributions that we announce with great pride that Massachusetts is the top contributor to InsurPac in the nation!