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CAR’s President announced the 2024 Governing Committee meeting schedule. All Governing Committee meetings will now be held on Tuesdays. Dates are February 13th, April 9th, June 18th, September 17th, and November 19th. All meetings will start at 10:30 a.m., except for the November meeting that will be preceded by the Annual Meeting at 10:30 a.m.

CAR is now accepting requests from Member Companies and producers for 2024 advisory committee appointments.

CAR’s counsel reported the Division of Insurance has approved the Private Passenger and Commercial Performance Standards for the Payment and Handling of Motor Vehicle Insurance Claims as recommended by the Governing Committee.

Please refer to Bulletin No. 1154 for further information.

The Governing Committee approved the recommended proposed amendments to the Assigned Risk Company Procedures Manual to implement a penalty for late submission of Interim Summary data.

Please refer to Bulletin No. 1156 for further information.

The Governing Committee approved the Commercial Automobile Committee’s recommendation that a market need does not exist for the appointment of new non-voluntary contracted Exclusive Representative Producers.

The Governing Committee approved the Actuarial Committee’s recommendation to make no changes to the current quota share credit factors and no changes to take-out credits.

Please refer to Bulletin No. 1155 for further information.