The official response from the Division of Insurance with respect to the findings and recommendations State Auditor Bump published in her performance audit report of the state agency earlier this year.
Regulation & Compliance
Mass. Agent Who Disappeared With Insureds’ Premiums Surrenders License And Avoids Fines
A Lowell-based insurance producer, who disappeared with insureds’ premium payments, is allowed to surrender his licenses.
Massachusetts State Auditor Bump Finds Unauthorized Billing Practices At Division of Insurance
The State Auditor’s Office issued the results of an official audit of the Massachusetts Division of Insurance on August 21, 2019.
Massachusetts Division of Insurance Facts, Figures & Statistics For 2018
A review of the NAIC’s Annual Insurance Department Resources Report with respect to Massachusetts.
Workers’ Compensation Audit Noncompliance Surcharge Equal to Two Times Premium Now in Effect
Workers’ compensation carriers may for the next two years add an audit noncompliance charge endorsement to their voluntary policies.
