Governing Committee Meeting - April 23, 2025

A meeting of the Governing Committee was held on Tuesday, April 15. 2025.

Open Meeting Law

The Massachusetts Legislature has extended the temporary remote meeting provisions of the Open Meeting Law through June 30, 2027. Accordingly, Advisory Committees will continue to meet via Zoom video conference through that date.

Financial Audit Committee

The Governing Committee approved AAFCPA as CAR's independent auditing firm for a three-year engagement beginning with the review of CAR's fiscal year 2025 financial statements.

Commercial Program Oversight Committee

The Governing Committee approved the recommended Servicing Carrier compensation schedule relating to the implementation of updated policy coverage forms for policies effective January 1, 2027 and later.

MAIP Steering Committee

The Governing Committee approved proposed amendments to Rule 28 – Application Process, providing guidance to Assigned Risk Carriers regarding installment plan billing.

The Governing Committee also approved the implementation of Physical Damage Maximum Loss Payable as of January 1, 2026.