Mass. Lawmakers Approve Commercial Deregulation

June 11, 2004

  • June 14, 2004 at 8:24 am
    bob says:
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    Based on the criteria Mass Lawmakers feel is necessary, they apparently think busines men have no idea how to buy insurance so need to be constantly reminded that the State is there to “help”.

  • June 14, 2004 at 8:25 am
    bob says:
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    Based on the criteria Mass Lawmakers feel is necessary, they apparently think busines men have no idea how to buy insurance so need to be constantly reminded that the State is there to “help”.

  • June 29, 2004 at 9:11 am
    John says:
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    One should not be too quick here to think this is good for al employers. First of all it appears that the intent is to close the surplus market (special brokers) to all but the largest risks. Second if it requires “special brokers” how does one access them. Third how many employers can afford full-time Risk Managers with only $30,000 in premium. I am a Risk Manager (for hire to smaller employers) most of my clients easily fit the criteria but none can afford or need a full-time risk manager. And believe me those that have the full time risk managers have been doing this for years.

  • July 20, 2004 at 1:30 am
    Jim says:
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    Does anyone else find this quite broad and vague?

    “Such notice shall clearly set forth policy conditions and endorsements. Such notice shall include, but not be limited to reference to claims-made versus occurrence triggers, perils, exclusions, location and/or territory limitations, and defense within limits or outside of limits.”

    The notice can be 5 pages long depending on how you interpret this. How is everyone intending on complying with it?



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