The Massachusetts Division of Insurance issued two separate decisions involving producer licensing violations which resulted in fines of $2,250.
Insurance Law | Massachusetts
Insurance Producer Who Lost Home State License For False Applications Fined $750 In Massachusetts For Failing To Report
A Pennsylvania insurance agent caught submitting 225 bogus applications to get advance commissions fined in Mass. for failing to report license revocation.
Mass. Cleaning Co. Owner Will Serve 6-Month Jail Term For $74k Workers’ Compensation Fraud
A cleaning company owner’s scheme to misclassify workers to cheat a workers’ compensation insurer out of its premiums has landed him in jail for six months.
Commerce Avoids $2.5 Million Interest Liability With Decision Benefiting Liability Insurers
The Massachusetts Supreme Judicial Court decision limits the scope of an insured’s assignment of rights against their carrier, The Commerce Insurance Company.
An Insured Recovers $219,000 From A Mass. Insurance Agency For Failure To Notify After An Uncovered Fire Loss In Charlestown
A jury awarded a former insured $219,000 for an uncovered fire loss in her Charlestown condo, for the failure of her insurance agency to notify her that they had in fact removed her from coverage.
