Governing Committee Meeting - September 21, 2022

President's Report

CAR’s President welcomed newly appointed Governing Committee members Sarah Clemens of MAPFRE U.S.A. Corporation and Christopher D. Taylor of The Hanover Insurance Company.

Compliance and Operations Committee

The Governing Committee approved the recommended updates to the Private Passenger and Commercial Statistical Plan, to be submitted to the Division of Insurance for consideration. Please refer to Accounting and Statistical Notice No. 680 for further information.

The Committee also approved the proposed amendments to CAR Rule 32 – Claim Practices of the CAR Rules of Operation. These amendments will also be submitted to the Division of Insurance for consideration. Please refer to Bulletin No. 1140 for further information.

Commercial Automobile Committee

The Governing Committee approved the Commercial Automobile Committee’s annual evaluation that a market need does not exist at this time for appointments of non-voluntary contracted ERPs.

Financial Audit Committee

The Governing Committee approved the engagement parameters for the review of CAR’s fiscal year 2022 financial statements.

MAIP Steering Committee

The Governing Committee approved recommended amendments to Chapter III-Eligibility Requirements and Chapter IV-Application and Policy Assignment Process of the Assigned Risk Producers Procedures Manual. The Manual has been updated and is available on the Manuals page of the Company section of CAR’s MAIP website under the Assigned Risk Company Procedures Manual link. Please refer to Bulletin No. 1141 for further information.


 
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