Special Governing Committee Meeting - August 5, 2021

Commercial Program Oversight Committee

The Governing Committee approved the recommendation of the Commercial Program Oversight Committee to reappoint the current four Servicing Carriers for a five-year term to begin with policies effective January 1, 2022. The Committee also approved a 13.0% general company and ULAE expense allowance for policy year 2022 increasing annually by 2% for the subsequent years of the term.

The Governing Committee also approved transition procedures addressing agency reassignments and policy issuance requirements.

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