The State Auditor’s Office issued the results of an official audit of the Massachusetts Division of Insurance on August 21, 2019.
A review of the NAIC’s Annual Insurance Department Resources Report with respect to Massachusetts.
Workers’ compensation carriers may for the next two years add an audit noncompliance charge endorsement to their voluntary policies.
The First Quarter review includes enforcement actions initiated by the Massachusetts Division of Insurance in January, February, and March 2019.
This is the second time in the three years, the Commissioner has disapproved a CAR Rule amendment on MAIP credits.