Division of Insurance Reaches Agreements on Rate Requests with Long-Term Care Insurance Carriers
Boston, MA (January 20, 2017) – Today the Massachusetts Division of Insurance (Division) placed on file amended rate requests from 16 long-term care insurance (LTCI) carriers that had previously filed requests for more than 30 LTCI individual products. More
Office of Consumer Affairs and Business Regulation and Division of Insurance Advise Massachusetts Residents to Prepare for Winter
Boston, MA (December 19, 2016) — Damage as a result of winter storms can be costly and dangerous. The Office of Consumer Affairs and Business Regulation and the Division of Insurance want consumers to take action to protect themselves and their property from winter’s fury. More
Division of Insurance to Hold Consumer Information Sessions on Long-Term Care Insurance Policies and Rates
Boston, MA (November 4, 2016) – The Massachusetts Division of Insurance has scheduled a series of information sessions this month to discuss Long-Term Care Insurance products, rates and its rate request review process. The regulatory agency recognizes that both nationally and in Massachusetts insurers that offer these products have made quite substantial rate requests in recent years. More
Consumers who wish to learn more about funding long-time care and Long-Term Care Insurance can access the Division of Insurance’s guide here
DIVISION OF INSURANCE LISTENING SESSION TO DISCUSS ISSUES ASSOCIATED WITH ACCESS TO SERVICES TO TREAT SUBSTANCE USE DISORDERS WITHIN INSURED HEALTH PLANS
The Division of Insurance will hold a series of informational hearings throughout the Commonwealth to listen to interested parties to discuss access to services to treat substance use disorders specific to the implementation of Chapter 258 of the Acts of 2014 for insured health plans. Click More
Division of Insurance Listening Session on Home Insurance
The Division of Insurance will hold a series of informational hearings throughout the Commonwealth to assist the Division in investigating, among other things, the levels of availability and affordability of homeowners’ insurance in various regions throughout the state, including consumer experience with decisions to deny applications for coverage.
All scheduled informational hearings have been held. The Division will continue to accept comments through December 31, 2015 on the Massachusetts voluntary market for homeowner’s insurance. Please send your comments to DOI.HOI.firstname.lastname@example.org. Comments received may be viewed at http://www.mass.gov/ocabr/government/oca-agencies/doi-lp/written-comments-concerning-home-insurance.html. Earlier technical difficulties with this electronic mailbox have been corrected as of December 2nd. If you attempted to send written comments prior to December 2nd and do not see them posted, kindly re-send them to DOI.HOI.email@example.com to ensure they become part of the record.
Division of Insurance Has Transitioned 2017 Surplus Lines Filings to OPTinsEffective January 1, 2016, the Division of Insurance transitioned to the NAIC OPTins system for receiving all surplus lines reports and payments. OPTins is a web application which offers a reliable and inexpensive means of submitting surplus lines reports and payments electronically. For more information about using the OPTins system, click More
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