Compulsory Limits Bill – We Need Your Help!
MAIA is asking for your help in advancing our priority legislation this session: SB606/HB1006, “An Act relative to the compulsory automobile insurance limits,” filed by Senator Brendan Crighton and Rep. Michael Finn. The bill would increase the compulsory bodily injury limit for injury or death to one person from $20,000 to $50,000 and the limit…
Out-of-State Resident Temporary Plates – WIN for MAIA Members!
Last year, the Commonwealth enacted legislation allowing the RMV to issue temporary license plates to out-of-state consumers who purchase a vehicle in Massachusetts and want to drive their new car off the lot and to their home state for registration. MAIA successfully lobbied to include a provision in that legislation requiring out-of-state consumers to comply…
MAIA’s Opposition to HB1077
Last Tuesday (10/3/23), MAIA CEO Nick Fyntrilakis was on Beacon Hill to testify before the Massachusetts Legislature’s Joint Committee on Financial Services. Nick’s testimony focused on MAIA’s opposition to HB1077, “An Act relative to insurance company rebates.” This bill would lift the state’s prohibition on rebating and allow companies to offer a broad array of products or services related to loss…
Joint Committee on Financial Services Hearing Summary
MAIA President & CEO Nick Fyntrilakis testified at the Joint Committee on Financial Services Hearing at the State House in Boston on Monday, May 8th. His testimony focused on MAIA’s priority legislation this session; HB1006/SB606, “An Act relative to the compulsory automobile insurance limits,” filed by State Rep. Finn / State Sen. Crighton). Read MAIA’s…
2023 MAIA Advocacy Fund
As a valued member of MAIA, you can rest assured that you have a dedicated team of advocates working tirelessly on your behalf. We understand the challenges that regulatory and legislative issues can pose to your business, and we are committed to achieving results that benefit you. With your help, we can continue to make…
MAIA Visits Congressional Delegation in DC
Last week, we met with our Congressional Delegation to discuss numerous issues at the Big “I” Legislative Conference. We discussed priorities impacting independent agents, including small business tax fairness, reauthorization of the National Flood Insurance Program (NFIP), and concerns regarding the Federal Trade Commission’s (FTC) Non-Compete proposal. Read the complete Issue Summary here.
Big ‘I’ Testifies Before Congress on NFIP Funding, Potential Reforms
IIABA (the Big “I”) testified at a hearing before the U.S. House Financial Services Subcommittee on Housing and Insurance entitled “How Do We Encourage Greater Flood Insurance in America?” Chris Heidrick, CPCU, ANFI, CFP®, owner and principal of Heidrick & Company Insurance and Risk Management Services in Sanibel, Florida, and former chair of the Big…
Get Involved! Ask Your Legislator to Co-Sponsor MAIA’S Priority Legislation!
Our priority legislation HD3359/SD650, “An Act relative to the compulsory automobile insurance limits,” has been filed by Representative Michael Finn (D-West Springfield) and Senator Brendan Crighton (D-Lynn). This bill would increase the compulsory bodily injury insurance limit for injury or death to one person from $20,000 to $50,000 and the limit for any one accident from $40,000 to…
CAR – Bulletin No. 1150 – Private Passenger Residual Market Modifications to Manual Rules Approved
On February 22, 2023, the Division of Insurance placed on file modifications to the Private Passenger Residual Market Automobile Insurance Manual effective May 1, 2023. Amendments to Rule 27 – Private Passenger Definition. Read the full update here.
CAR – Bulletin No. 1149 – Electronic MAIP Stamp
CAR is pleased to announce the implementation of an electronic stamp (E-Stamp) for use on registration and insurance certifications for MAIP policies. On March 1st, agents can log in to their MAIP account for complete instructions on how to use the electronic stamp. Read the full update here.
Massachusetts Legislative Update
We are pleased to report that the 2023-24 Legislative Session has kicked off with the swearing-in of all 200 State Representatives and Senators, including 26 new Legislators and a new Governor, Lieutenant Governor, Attorney General, and State Auditor. Last Friday marked the legislature’s bill filing deadline, with over six thousand bills filed for the session.…
A Year of New Heights for InsurPac!
With the help of your contribution to InsurPac, Massachusetts ranked 4th in total donations for the year 2022. The total contributions for Massachusetts were $65,155! Of this amount, $7,700 came from our Young Agents – ranking them 6th among all contributing states and achieving their InsurPac goal for 2022! InsurPac finished with $1,269,794.59 in receipts. That total…
IIAHC/NAIFA Annual Legislative Breakfast
State Senators John Velis and Jake Oliveira, State Representatives Mike Finn and Aaron Saunders, and other legislative staff with members of the Independent Insurance Agents of Hampden County, MAIA President, and CEO Nick Fyntrilakis, and MAIA Lobbyists Dennis Murphy and Anthony Abdelahad, at the IIAHC/NAIFA Annual Legislative Breakfast in Springfield.
CAR Language Adopted – Big Win for MAIA Members!
Last Thursday, Governor Baker signed the FY23 Budget. We are very pleased to report that MAIA’s language relative to the Commonwealth Automobile Reinsurers was included in the enacted budget. This language ensures appropriate agent representation on the CAR Governing Committee by removing the requirement that two seats be reserved exclusively for ERPs. For years these…
2022 MAIA Advocacy Fund Supporters
MAIA would like to say a huge THANK YOU to our growing list of donors! Your support is essential in allowing MAIA’s Advocacy Team to voice your concerns to the Massachusetts legislators and regulators who impact your livelihood. If you have not yet had a chance to do so, please consider a contribution of at least…
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 six short months to…
MAIA State Legislative Update – November 2021
A key benefit of your MAIA membership is having a strong team of advocates fighting for or against legislative and regulatory bills, proposals, and changes that affect our industry and your livelihood. MAIA has built strong relationships and garnered great respect over the years, giving us authority and influence that would not be possible for individual…
New Health Insurance Compensation Disclosure Requirements
Effective on December 27, 2021, recently enacted requirements will have a significant impact on health insurance producers and consultants, and require them to disclose their compensation and other information to group health plan sponsors. In addition, health issuers will be required to disclose to individual health insureds the compensation paid to the agent or broker…