Residual Market Services
Membership and Participation Responsibilities: Company CAR Memberships, member
compliance and the issuance of company code numbers for statistical reporting and
required certification of insurance on Registry of Motor Vehicle forms.
Qualification of Limited Assignment Distribution Companies (private passenger)
and oversight of the Request for Proposal and selection of Servicing Carriers
for the commercial automobile and taxi/limousine programs.
Company/Producer Responsibilities: Oversight and administration of company
producer code reporting, relationships between private passenger residual market
producers and member companies, the appointment of Exclusive Representative
Producers to commercial and/or taxi/limousine Servicing Carriers. Mediate residual
market issues between companies and residual market producers.
Producer Responsibilities: Certification and compliance oversight of
Assigned Risk Producers. (private passenger) Qualification and assignment
of Exclusive Representative Producers. (commercial automobile) Oversee and
manage producer compliance with the Rules of Operation. Develop and maintain
the Assigned Risk Producer Manual.
Commercial Automobile Oversight: Monitor the quality of ceded commercial
automobile premium data through Servicing Carrier audits and use of the CAR
Rate Edit Program. Oversight of Servicing Carrier compliance with regard to
CAR Rule 7, Experience Rating, cession eligibility and coverage issues.
Develop and maintain CAR’s Commercial Automobile Insurance Manual.
Document Retention: Archive all notices, transcripts, records, bulletins,
and supporting documentation produced or received by CAR. Residual Market
Services is also responsible for making filings with public agencies and the
Courts on behalf of the Governing Committee, its advisory committees and
Mr. John Metcalfe
Residual Market Services Director