Governing Committee Meeting - June 21, 2017

Compliance and Operations Committee

The Governing Committee unanimously approved modifications to the Private Passenger Statistical Plans to add a new Classification Code for policies effective July 1, 2018 and subsequent. The code will specifically identify statistical information relative to company endorsements that provide additional coverage to insureds that use their personal automobiles for ride-sharing, ride-hailing, on-demand delivery and other transportation network services.

For further information, refer to Accounting and Statistical Notice No. 602.

Information Technology Advisory Committee

The Governing Committee unanimously approved a Disaster Recovery as a Service (DRaaS) solution for CAR’s mainframe and LAN processing platforms, agreeing that this approach is the most cost effective option available and will efficiently utilize CAR’s technical resources to meet CAR’s specified recovery point and recovery time (RPO/RTO) objectives for all types of disasters.

 
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