Truck-Tractor Cost New
Truck-Tractor Cost New QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 07, 2019 When we add a large truck-tractor to a commercial auto policy should the federal excise tax amount be included in the cost new of the vehicle? this tax can be thousands of dollars. Thank…
Auto Classification Change
Auto Classification Change QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 09, 2019 Do insurance companies have the right NOT to amend a classification mid term? One of our insured’s was first licensed in Dec 2015 and their policy renewed Nov 2018, when we followed up with…
FAIR Plan FAQs Explain Clearinghouse for HO Insurers
FAIR Plan FAQs Explain Clearinghouse for HO Insurers The Massachusetts Property Insurance Underwriting Association (MPUIA), also known as the FAIR Plan, has undertaken an initiative to depopulate MPIUA in an effort to promote the vitality of the Homeowners Insurance Market. The result of this initiative has been the creation of a Clearinghouse, which is designed…
Mobile Equipment – Physical Damage
Mobile Equipment – Physical Damage QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 10, 2019 Is it better to put the physical damage for a registered piece of mobile equipment on an inland marine or an auto policy?
Drivers Can Now Use Specialized Features on Road Tests
Drivers Can Now Use Specialized Features on Road Tests
Policy on Outdated Residency Documents at Return Visit
Policy on Outdated Residency Documents at Return Visit If a customer applying for a REAL ID or Standard credential presents valid proof-of-residency documents upon their initial visit to a Service Center or AAA location, the residency requirement has been met for the duration of the open issuance in the system. If the customer cannot finish…
WC News: WCRIB Special Bulletins Residual Market Loss Ratio and Burden Estimate — January 2019 Update
WC News: WCRIB Special Bulletins Residual Market Loss Ratio and Burden Estimate — January 2019 Update
Private Passenger Residual Market Rates Placed on File by Division of Insurance
Private Passenger Residual Market Rates Placed on File by Division of Insurance On January 28, 2019, the Division of Insurance placed CAR’s Private Passenger Residual Market rates and rating manual on file for policies effective May 1, 2019 and subsequent. Amendments were made to the base rates, along with other minor modifications detailed in the…
AIB News – Updated List of MA Registered Repair and Glass Shops by County – Jan. 2019
AIB News – Updated List of MA Registered Repair and Glass Shops by County – Jan. 2019 The Automobile Insurers Bureau (AIB) of Massachusetts has issued Revised Repair and Glass Shop Listings By County as of January 10, 2019. CLICK HERE to view the listings on the AIB website.
Pizza Delivery
Pizza Delivery QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 10, 2019 I was talking to Kathy this afternoon looking for help on the above. We have a personal lines client that has a private passenger vehicle with a private passenger plate registered in the personal name. …
Understanding and Complying with New York’s Cybersecurity Requirements
Understanding and Complying with New York’s Cybersecurity Requirements In this recent article from IA Magazine, Editor Scott Kneeland explained how New York’s new third-party service provider regulations may change the landscape of the insurance world.
MADOT Requirements for a Caterer
MADOT Requirements for a Caterer QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 15, 2019 We have a customer who owns a restaurant in Massachusetts and also does catering for functions at different locations. They received notice that they may need to apply for a DOT #…
Trailer Rental
Trailer Rental QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 15, 2019 We have a client who had their trailer hit by another vehicle — he uses this trailer in his business to carry tools and materials to job sites — it will be in the shop…
Out-of-State Title
Out-of-State Title QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 16, 2019 I have a quick question for you regarding registering a vehicle from out of state. We have a client who is moving here from Maine who has a Maine title for her vehicle but it…
MAIP Cancellation
MAIP Cancellation QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 16, 2019 I recently issued an Auto policy via MAIP for an insured with a revoked license. I’ve since received a cancellation notice from the carrier that they are cancelling coverage due to named insured having a…
Big Tax Win for Pass-Through Owners & Shareholders
Big Tax Win for Pass-Through Owners & Shareholders The IRS issued its final regulation governing Section 199A of the IRS tax code, and the insurance community has been buzzing. The new rule makes owners and shareholders of pass-through entities eligible for a tax deduction of up to 20% on qualified business income! This is a…
Waiver on BAP
Waiver on BAP QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 17, 2019 I have a contractor that needs waiver of insurance for his commercial auto policy. The ceded carrier does not offer this endorsement. Only on the voluntary side under the policy enhancrments. What do I…
Rental Car Claim
Rental Car Claim QUESTION This question was answered based upon current rules, regulations & statutes in effect on January 22, 2019 I have a client who was involved in a claim with a Hertz rental vehicle. The driver of the hertz was not the renter or listed as a driver. my insd car was totaled…