The Massachusetts Division of Insurance recently issued Bulletin 2011-12 giving all licensed resident insurance producers until December 31st of this year to complete their outstanding Continuing Education requirements in order to avoid the suspension of their license or monetary fines. In Review of Continuing Education Compliance of Resident Insurance Producers Continuing Education Compliance Program, the […]
Regulation & Compliance
Mass. DOI Issues Revised Bulletin Regarding Private Passenger Group Marketing Plans
On May 19, 2011, the Division of Insurance issued Bulletin 2011-09 which replaces Bulletin 2007-13 regarding the Filing Requirements and Procedures for Private Passenger Motor Vehicle and Homeowners Insurance Group Marketing Plans Pursuant to M.G.L. c. 174 §193R. Like the original Bulletin, this revised version aims “to provide guidance to prevent abuses in connection with […]
Attorney General Coakley asks Insurance Commissioner Murphy to reduce commercial auto insurance rates
The Attorney General for Massachusetts, Martha Coakley sent a letter yesterday to the Insurance Commissioner Murphy requesting that he reduce commercial auto rates in Massachusetts via his statutory authority under G.L. c.175 . In her letter, the Attorney General cited the Commissioner’s previous failure to reject Progressive’s unjustified rate increased in February of this year and […]
Mass. AG Martha Coakley Asks for Suspension of Rule 29D Governing the MAIP
The Attorney General of Massachusetts, Martha Coakley, sent a letter to the Massachusetts Commissioner of Insurance Joseph Murphy today asking him to suspend Rule 29D.
Massachusetts Division of Insurance Revokes Agent’s License and Fines Him $3000
In a Summary Decision issued yesterday, the Massachusetts Division of Insurance Hearing Officer revoked all insurance producer licenses issued to James Timothy Shelnut in Massachusetts. The Division of Insurance also fined Mr. Shelnut $3,000 and prohibited him from directly or indirectly transacting or acquiring any insurance business in the Commonwealth of Massachusetts and that he […]
