Commonwealth Automobile Reinsurers

Governing Committee Meeting - February 15, 2018

MAIP Steering Committee
The Governing Committee unanimously approved adoption of the 2016 edition of the Massachusetts Automobile Insurance Policy, the Notice to Policyholders, the Massachusetts Mandatory Endorsement, the Operator Exclusion Form and the Statutory Notice of Cancellation for use in the private passenger residual market for new and renewal business effective July 1, 2018.

Financial Audit Committee
The Governing Committee unanimously voted to approve CARís financial statements for the fiscal year ending September 30, 2017.

Commercial Automobile Committee

  • The Governing Committee took no action on proposed modifications to Rule 11.C.2. and Chapter III of the Manual of Administrative Procedures to incorporate procedures relative to Servicing Carrier requests for reimbursement of extraordinary expenses and remanded this issue to the Commercial Automobile Committee for further discussion.

  • The Governing Committee unanimously approved modifications to Rule 2 to incorporate the so-called nerve center test in the definition of Principal Place of Business in order to verify risk's eligibility to be placed in the residual market. The Committee directed staff to file the proposed modifications to Rule 2 with the Division of Insurance.