How
much would it cost to replace your home's contents? Do you need
to customize your insurance to protect valuable items? Find out
with our wizard. MAIP - Changes in the Massachusetts Auto Market
MAIP is the way you are assigned to one of the existing automobile insurers if you have been unable to find coverage on your own.
Every company licensed to sell private passenger automobile insurance in Massachusetts must also participate in the MAIP by acting as an Assigned Risk Company (ARC). Consumers who cannot obtain insurance in the voluntary market are assigned to an ARC by the
MAIP. For the most part, these ARCs are the same companies that you will see selling insurance in the voluntary market. The only difference is each company has some drivers they insure voluntarily and other drivers that are assigned to them through the MAIP.
The MAIP is administered by Commonwealth Automobile Reinsurers (CAR) according to rules that are approved by the Division of Insurance. The coverage and service provided to you by the ARC will be comparable to coverage provided to drivers in the voluntary market. The ARC must charge the consumer the lower of the MAIP premium rate or the ARC's voluntary premium rate.
