In the interest of promoting transparency to affected consumers, the DOI has announced that all insurers shall be required to include specific language as to the determination of the actual cash value of a damaged motor vehicle as set forth in 211 CMR 133.05(1), or substantially similar language, in the motor vehicle insurance policy contract. […]
Regulation & Compliance
New Requirement for MA Motor Vehicle Insurance Policies
In the interest of promoting transparency to affected consumers, the DOI has announced that all insurers shall be required to include specific language as to the determination of the actual cash value of a damaged motor vehicle as set forth in 211 CMR 133.05(1), or substantially similar language, in the motor vehicle insurance policy contract. […]
Special DOI Bulletin on Insurance Issues for Tornado Victims
The Division of Insurance published Bulletin 2011-13 yesterday for all Property and Casualty Insurers dealing with Emergency Procedures related to the tornado and storm damage that affected Central and Western Massachusetts on June 1st. As a result of President Obama’s approval of Governor Patrick’s Emergency Disaster Declaration request, these areas of the Commonwealth were declared […]
DOI Upholds Denial of Individual Producer’s License to Applicant, Paul Burke
On January 31st of this year, Mr. Burke submitted a Uniform Application for an Individual Producer License/Registration with the Division of Insurance. On March 25, 2011, Diane Silverman Black, the DOI’s Director of Producer Licensing sent a letter to Mr. Black denying his application because of his seven prior felony convictions. Those convictions included: carjacking […]
A More National Profile for Commissioner Murphy
Insurance Commissioner Joseph Murphy has been elected to the National Association of Insurance Commissioner’s Executive Committee and as a Secretary-Treasurer of the Association’s Northeast Zone, which spans from Maine to Washington, DC. These new appointments will expand both the Commissioner’s profile and leadership role on national insurance issues. The National Association of Insurance Commissioners or […]
