MAIP Rules
Rule Amendments Approved during Calendar Year 2010
December 2, 2010 | Rules 21, 26, 29, 30 |
| Description: The Rules were modified to comply with the provisions of Chapter 237 of the Acts of 2010 that pertain to the obligations and responsibilities of Newly Writing Companies (Rule 29.C. and 30.A.1. and A.2.) and a producer's ownership of policy expirations (Rule 30.C.1.d.). Additionally quota share credits for policies effective April 1, 2011 and subsequent were established (Rule 29.E.1. and E.2.), the prohibition on non-renewing clean-in-three business was extended by one year to March 31, 2012 and the date by which CAR must submit a proposed credit mechanism applicable to clean-in-three risks was extended to December 1, 2011 (Rules 21.D. and F., 26.C. and 29.H.). | |
| Refer to Bulletins 934 and 937. | |
June 28, 2010 | Rules 26, 28, 30, 31 |
| Description: To assure consistency with modifications made to the ARC Performance Standards, modifications were made to Rule 30.B.2. Rules 26.A.1.b., 28.A., 30.B.4.c. and 31.B.3. were amended to identify an ARC's responsibilities relative to policies upon which potential misrepresentation exists. | |
| Refer to Bulletins 927 and 931. | |
March 19, 2010 | Rule 21 |
| Description: Added transition procedures that apply to new business applications effective April 1, 2010 through March 31, 2011 for policies submitted for MAIP assignment by a former ERP that does not have a voluntary contract as of April 1, 2010 (Rule 21.C.3.). | |
| Refer to Bulletins 920 and 925. | |
February 19, 2010 | Rules 28, 29 |
| Description: Premium deposit provisions were established for new business and renewal MAIP policies (Rule 28.C.1.). Credit factors were established for policies effective April 1, 2010 through March 31, 2011 (Rule 29.E.). | |
| Refer to Bulletins 919 and 921. | |