Commonwealth Automobile Reinsurers

Governing Committee Meeting - April 27, 2021

Counsel’s Report
The Governing Committee approved a Limited Assignment Distribution Agreement between Pilgrim Insurance Company and Philadelphia Indemnity Insurance Company.

Commercial Program Oversight Committee
The Governing Committee approved the Request for Proposal for Commercial Servicing Carrier Appointments and directed staff to distribute the RFP no later than May 1, 2021.

The Governing Committee also voted to adopt a Statement of Intent with respect to prioritizing considerations when evaluating a request for redistribution of Servicing Carrier commercial residual market books of business.

Commercial Automobile Committee
The Governing Committee approved amendments to Chapter X – Servicing Carrier and Exclusive Representative Producer Standards and Forms of the Manual of Administrative Procedures, addressing modifications to the standards for determining radius and geographic classification and to update the Non-Fleet Private Passenger Type Certification form to reflect the most recent version placed on file by the Division of Insurance. A CAR Bulletin that identifies the approved changes will be distributed at a later date.

The Governing Committee also approved a 8.34% commission rate for taxi, limousine and car service classifications with appropriate filing transition to be determined by staff.

Compliance and Operations Committee
The Governing Committee approved amendments to Chapter V – Premium of the Manual of Administrative Procedures referencing the Specialty and Classic Auto endorsement and Non-Fleet Private Passenger Type Certification forms placed on file by the Division of Insurance. A CAR Bulletin that identifies the approved changes will be distributed at a later date.