Arbella cancelled Rapo & Jepsen alleging premium fraud now the DOI has filed to revoke the agency’s and its owner’s licenses.
Insurance Law | Massachusetts
No Loss Of Use For Big Wheel Towing On Safety Auto Policy When Vehicle Towed From State Property
The Appeals Court rule towing costs to remove vehicle from third-party’s land does not equal loss of use under compulsory auto property damage coverage.
MA Appeals Court Rules Insurer Does Not Owe Sales Taxes On Auto Total Losses Absent Proof of Payment
In a March 2017 decision, the MA Appeals Court rules motor vehicle property damage total loss payment does not include sales tax absent proof claimant replaced vehicle and paid sales tax.
A Fraudulent Bond Scheme Leads To A Producer’s License Revocation And Fine
Over 20 contractors around the country paid $2.2 million in ‘premiums’ for bid, payment, and performance bonds that did not exist. One of the agents involved escaped indictment but lost his insurance licenses and was fined by the DOI $3,500.
Producer’s Unreported Criminal Case Leads to $1,500 Fine And License Revocation
February 26, 2017 – A nonresident producer agreed to a $250 forfeiture in Missouri for her failure to disclose a prior criminal case but her further failure to report that fine to other states resulted in nine license revocations and a $1500 fine in Massachusetts.
