Governing Committee Meeting - September 8, 2021

2022 Governing Committee Meeting Schedule

CAR’s President announced the 2022 Governing Committee meeting schedule. Dates are February 16th, April 13th, June 15th, September 21st, and November 16th. All meetings will start at 10:30 a.m., except for the November meeting that will be preceded by the Annual Meeting.

Financial Audit Committee

The Governing Committee approved the engagement parameters for the review of CAR’s Fiscal Year 2021 financial statements, including the agreed upon procedures. The Committee directed CAR’s President to execute the engagement letters on behalf of CAR.

Commercial Automobile Committee

The Governing Committee approved amendments to Chapters III and V of the Manual of Administrative Procedures to clarify coverage available in the commercial residual market. Refer to Bulletin No. 1125 for further information.

The Governing Committee also approved draft endorsement forms and corresponding Manual Rule changes to address the availability of coverage in the commercial residual market for risks engaged in TNC activities. The revised rules and forms will become effective 90 days subsequent to being placed on file by the Division of Insurance.

Compliance and Operations Committee

The Governing Committee approved amendments to Chapters IV, V, and VIII of the Manual of Administrative Procedures to reflect the rewrite of CAR’s Accounting System. Refer to Bulletin No. 1125 for further information.


 
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