Accident Forgiveness

    Posted by MAIA on Jun 14, 2019 12:01:00 AM

    QUESTION

    This question was answered based upon current rules, regulations & statutes in effect on May 10, 2019

    Accident Forgiveness...how do we know now the carrier filed with the Division of Insurance?
    This may sound stupid on my part but if I have a customer who has the accident forgiveness on their auto and have kids on that policy (which I know it applies to them as well) and one of those kids has an accident that is forgiven on that policy with that carrier. Now if we write a new auto policy for one of those kids and add the accident forgiveness (because we are able to) knowing that kid has a forgiven surcharge with the same carrier we are writing them with. Does the accident forgiveness still apply for that driver? Same carrier written type deal??

    ANSWER

    Kathy Cormier:   Companies that offer accident forgiveness have different guidelines on how they apply.  We collect the company filings here at MAIA and if you go to our website www.massagent.com and look under "Resources" and then "Technical Resources" you will see a link for Company Filings.  You can look up the carrier in question and see how they filed the rule.

    This document is not a legal opinion and should not be relied upon as such. The intent of this document is to provide a general background regarding the topic or topics discussed, not to provide legal advice. Producers and agencies should consult an attorney regarding specific situations and specific questions with respect to the topic or topics covered in this document. Neither the Massachusetts Association of Insurance Agents, Number One Insurance Agency nor any of its employees shall be responsible for any errors or omissions regarding any statements made in this document, nor any errors or omissions regarding any statutes, regulations, court rules, and/or any other government documents cited in this document.

    Topics: Personal, 2019

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