NOTICE OF HEARING
Docket No. C2016-01
Proposed Amendment to Commonwealth Automobile
Reinsurers Rule of Operation No. 29
At the request of the Plymouth Rock Assurance Corporation, pursuant to the provisions of Article X of the Plan of Operation of Commonwealth Automobile Reinsurers (“CAR”), a hearing will be held on February 25, 2016, at 10:00 a.m. at the Offices of the Division of Insurance, 1000 Washington Street, Boston, MA 02118. The purpose of the hearing is to afford all interested parties an opportunity to provide oral and written comment regarding a proposed amendment to Rule 29 of the CAR Rules of Operation, approved by the CAR Governing Committee on January 13, 2016. The proceeding has been designated as Docket No. C2016-01.
In brief, the proposed amendment to Rule 29 proposes adjustments to the method for determining values of voluntary keep out credits for policies effective April 1, 2016 and later. The proposal results in a 22.6% decrease in credit eligible exposures and a 21.4% decrease in available quota share credit premium. The proposal does not change the policy assignment process or the determination of quota share for the purpose of assignment.
Any person who wishes to offer oral comment on the proposed amendment is requested to submit a Notice of Intent to Comment no later than February 22, 2016. All other interested persons will be heard after those who notify the Division in advance. All notices, written comment and other submissions must be sent to the Docket Clerk, Hearings and Appeals, Division of Insurance, 1000 Washington Street, Suite 810, Boston, Massachusetts 02118-6200, and shall refer to Docket No. C2016-01. Electronic mail should be addressed to email@example.com. A paper copy of the proposed amendment may be reviewed at the Division by appointment with the Docket Clerk, who may be reached at 617-521-7330. It may also be viewed electronically at www.commauto.com/bulletins/2016/bulletin1012.
February 2, 2016
Daniel R. Judson
Commissioner of Insurance