|TO:||All Companies Writing Credit Life and Credit Accident and Health Insurance|
|FROM:||Linda Ruthardt, Commissioner of Insurance|
|DATE:||September 29, 1995|
|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, 1996 through December 31, 1998.|
The statutory prima facie rates for 1996-1998 for the motor vehicle class of business are:
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