|TO:||All Companies Writing Credit Life and Credit Accident And Health Insurance|
|FROM:||Julianne M. Bowler, Commissioner of Insurance|
|DATE:||October 1, 2004|
|RE:||Credit Insurance Sold by Motor Vehicle Dealers|
Pursuant to M.G.L. c. 175, s 117C (F) (2), I am required to review the combined experience of all insurers for the motor vehicle dealers class of business, and compute the appropriate rates for credit life and credit accident and health insurance sold through automobile dealers, for policies issued or renewed, commencing on January 1, 2005 through December 31, 2007.
The statutory prima facie rates for 2005-2007 for the motor vehicle dealer class of business remain unchanged for credit life and decrease for credit accident and health and are:
Any questions concerning this bulletin should be directed to Henry Lieberman at (617) 521-7340.