The Massachusetts Association of Insurance Agents (MAIA) this week has asked the state’s Merit Rating Board and the Division of Insurance to investigate GEICO for allegedly failing to report at-fault accident data to the Merit Rating Board, in violation of Massachusetts law and regulation.
MAIA vice president of communications Donna McKenna said that the association has provided the Division of Insurance and the Merit Rating Board with evidence that GEICO has on at least one occasion failed to notify the Merit Rating Board of an at-fault accident involving one of its policyholders.
A company’s failure to report at-fault accident information to the Merit Rating Board could result in a fine of not more than $500 for each violation, according to the MAIA.
The association has requested in a formal complaint that the Division of Insurance and the Merit Rating Board investigate not only the specific case the agents association outlined but also require GEICO to provide proof that, with the exception of this case, GEICO is in complete compliance with the reporting requirements.
The MAIA noted that under
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