CAR’s MAIP Steering Committee Votes to Amend Rules 21–33 & 36–39
CAR’s MAIP Steering Committee Votes to Amend Rules 21–33 & 36–39 In Bulletin 1082, Commonwealth Automobile Reinsurers (CAR) announced their vote to amend the following CAR Rules of Operation, which define the policies and procedures by which Members, Assigned Risk Companies, and Assigned Risk Producers are governed with regard to the operation of, and participation…
New Law for Discounts?
New Law for Discounts? QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 22, 2019 Was there a new law passed in May 2019 regarding low mileage and surcharge points that allows discount?
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 06-19
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 06-19 The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) released Special Bulletin 06-19, Updated Information on Residual Market Share.
What Type of Plate
What Type of Plate QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 22, 2019 Good morning, If my insured puts a sign on her car will she need a commercial plate. I think yes but some of us think no since it is not on all the…
CAR Approves Modification to Rule 2’s Definition of “Eligible Risk”
CAR Approves Modification to Rule 2’s Definition of “Eligible Risk” UPDATE: Effective July 23, 2019, the changes to Rule 2– Definitions are officially approved. Details. Commonwealth Automobile Reinsurers (CAR) recently released Bulletin No. 1081, “Proposed Changes To The Rules of Operation,” explaining their revisions to Rule 2 — Definitions. The Bulletin reads in part:
RLI – More than a One Trick Pony!
RLI – More than a One Trick Pony! You may know about RLI’s Personal Umbrella coverage for your clients, but do you know about their Home Business Insurance coverage? You have access to both through MAIA’s Number One Insurance Agency! RLI Home Business Insurance Just as you have worked hard to build your agency business,…
Trailer Recreational Use or Not
Trailer Recreational Use or Not QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 24, 2019 My insured has a fifth wheel that he keeps at a campground for the summer. I know under the auto policy, it states if used as residence it is not covered. It…
BAP and Trailer
BAP and Trailer QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 27, 2019 Commercial Auto client is going to pull a 6000 GVW trailer that is owned by him and his wife individually with one of his commercial vehicles. Will the commercial auto liability provide the liability…
Trailer at Campground
Trailer at Campground QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 27, 2019 Campers parked at campground is there still physical damage?
Employment Opportunities at MAIA & Number One
Employment Opportunities at MAIA & Number One The Massachusetts Association of Insurance Agents (MAIA) and its affiliate, The Number One Insurance Agency, are hiring! MAIA is seeking a Membership Engagement Director and an Education Manager, and Number One is looking for a Customer Service Representative. Our offices are conveniently located off Rte. 495 in Milford,…
Med Pay
Med Pay QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 29, 2019 I just quoted an auto for a new client and used their existing Dec as a guide. I suggested removing medical payments and explained PIP and the Mass limit of 2000 if the insured had…
What is the Correct Plate Type
What is the Correct Plate Type QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 09, 2019 If someone uses a vehicle in their business and they put signs on the vehicle do they need to get commercial plates? I currently have it listed as class 30 on…
WCRIBMA Circular Letter: Massachusetts Indemnity Data Call
WCRIBMA Circular Letter: Massachusetts Indemnity Data Call The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued Circular Letter No. 2349, dated June 14, 2019, and titled Massachusetts Indemnity Data Call. The WCRIBMA’s Governing Committee authorized the implementation of a Massachusetts Indemnity Data Call to be reported directly to the WCRIBMA. Participation in the Massachusetts Indemnity…
Accident Forgiveness
Accident Forgiveness QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 10, 2019 Accident Forgiveness…how do we know now the carrier filed with the Division of Insurance? This may sound stupid on my part but if I have a customer who has the accident forgiveness on their auto…
Motorcycle Question
Motorcycle Question QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 02, 2019 Do you know of any verbiage for Mapfre/Commerce -where I can find that there is no Annual Mileage credit on motorcycles ?
SDIP Question
SDIP Question QUESTION This question was answered based upon current rules, regulations & statutes in effect on May 03, 2019 I was curious if you could answer a question for me. We have a policyholder whose current policy has a 3 point surcharge on it and would be a points 98 at renewal come 03/2020. …