July 26, 2016 – This is an interesting case because it exemplifies what can happen when an applicant makes an application for a nonresident producer license and does not disclose, in response to the standard application, correct answers to the question that ask if the applicant has ever been convicted of a misdemeanor.
Regulation & Compliance
DOI Special Investigations & Enforcement Actions During The Second Quarter of 2016
July 18, 2016 – The enforcement actions and special investigations involving Mass. resident and non-resident producers during the Second Quarter of 2016.
Mass. DOI To Hold Hearings On Insurance Regulations Including Continuing Education for Insurance Producers
July 11, 2016 – The hearings will provide the opportunity for Massachusetts insurance professionals to comment on the proposed amendments or rescission of various insurance regulations.
Producer’s Misrepresentation Regarding Paying Child Support Results in $5,500 Fine
On May 23, 2016, a Division of Insurance Hearing Officer fined Germone A. Gadsden, of Charlotte, North Carolina a total of $5,500 arising out of a license misrepresentation regarding the payment of child support.
MA Commissioner Agrees With Plymouth Rock On Rule 29 Credit Appeal
June 7, 2016 – The Division’s decision concerns CAR’s proposed rule amendment that would have eliminated the existing credits rewarding insurance carriers that voluntarily insured motorists rated as class 10 whose vehicles have their principal places of garaging in Lynn, Lowell and Brockton.
