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Mass. Insurance Agents Vow to Protect Right to Auto Policy Ownership

East News • May 20, 2008
Massachusetts independent insurance agents are unhappy about a state ruling that they believe erodes their ownership of their customers' auto policies and denies them proper payment on certain ...

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Subject: RE: RE: MAIP RENEWALS

Posted On: May 21, 2008, 10:50 am CDT
Posted By: Liz
Comment:
The issue remains that the agent writes and services the business. The agent should receive the commission. It is up to the agent to decide which accounts to target. Unless MAIP is going to act as a direct writer and process new business applications, take payments, stamp RMV-1's and provide coverage and claims advice, the agent should be compensated. If an agent knows that they will not be compensated for the risk in the long term, there will be a huge disincentive to write MAIP accounts. This seems to be in conflict with the DOI's emphasis on public policy?
Subject Posted By Posted On
RE: RE: MAIP RENEWALS Liz
May 21, 2008, 10:50 am
RE: MAIP RENEWALS Rick
May 21, 2008, 6:44 am
MAIP RENEWALS Bill CAMPBELL
May 20, 2008, 4:21 pm
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