Governing Committee Meeting - November 20, 2019

Counsel's Report
CAR Counsel informed the Governing Committee that, in a letter dated November 18, 2019, the Division of Insurance approved Occidental Fire & Casualty Insurance Company of North Carolina's plan to withdrawal from the private passenger automobile insurance market. For further information, refer to Bulletin No. 1088 and Bulletin No. 1093.


Commercial Program Oversight Committee
The Governing Committee approved Pilgrim Insurance Company’s request for the redistribution of commercial residual market business with an effective date of May 1, 2020.


Commercial Automobile Committee
The Governing Committee approved proposed modifications to the Manual of Administrative Procedures (MAP). The MAP may be found under the Manuals link on CAR's website. For additional information relative to the specific modifications, refer to Bulletin No. 1092.


Joint Actuarial Commercial Lines Committee
The Governing Committee approved the Joint Actuarial Commercial Lines Committee’s recommendation to request revised proposals for a limited scope engagement and authorized the Committee to select a firm based upon the revised proposals.


 
Copyright © 1999-2020 Commonwealth Automobile Reinsurers, All Rights Reserved.