REGULATORY ACTIVITY:

• Issued administrative order AO 12051 and AO 12052:
  • 12051: Effective February 1, 2018 - AIPSO Filing VA 17-12 revises Section 38 to amend administrative procedures to remove the subscriber ballots for Commercial Auto.
  • 12052: Effective February 1, 2018 - AIPSO Filing VA 17-11 revises Section 38 to amend administrative procedures to remove the subscriber ballots for Personal Auto.

REGULATORY ACTIVITY:

• Issued order 12106 regarding application of automobile insurance plans service office. The order becomes effective July 1, 2020.

REGULATORY ACTIVITY:

• Published administrative order 12088 regarding the application of automobile insurance plans service office.  To view the order, go to https://www.scc.virginia.gov/boi/adminords/2019.aspx.

LEGISLATIVE ACTIONS:

• Senate Bill 1293

Provides that any release executed as a result of a liability insurer settling a personal injury claim with an underinsured claimant for the available limits of the liability insurer's coverage shall not operate to release any parties other than the liability insurer and the underinsured motorist. The bill clarifies that neither a duty to defend nor an attorney-client relationship is created between the underinsured motorist and counsel for the underinsured motorist benefits insurer without the express intent and agreement of the underinsured motorist. The measure modifies the language in the written notice that is required to be provided to the underinsured motorist upon settlement to further clarify that no attorney-client relationship or duty to defend is created between the underinsured motorist and the underinsured motorist benefits insurer as a result of the settlement and release. The bill clarifies that by sending the notice and release to the underinsured motorist's last known address by certified mail, the liability insurer satisfies the requirement of having the underinsured motorist sign the release and initial the notice. Effective Date  July 1, 2019.

REGULATORY ACTIVITY:

• Issued a number of administrative orders:
  • AO 12067: Effective December 1, 2018 (new business) and January 1, 2019 (renewal business) - AIPSO Filing No. VA 18-02 Personal Auto Rate Filing - This filing includes a rate increase of 6.8% overall.
  • AO 12068:  Effective December 1, 2018 (new business) and (renewal business) - AIPSO Filing No. VA 18-10 Section 35 of the Plan Manual for Personal Lines Auto amended to introduce a new alternate procedure for the selection of a representative to serve on the Board when the American Insurance Association (AIA), Property Casualty Insurers Association of America (PCI) or the Nonaffiliated Insurance Companies (NAF) are unable to appoint one or more subscriber companies to serve.
  • AO 12069: Effective January 1, 2019 (new business) and February 1, 2019 (renewal business) - AIPSO Filing No. VA 18-07 Commercial Auto Rate Filing - This filing includes a rate increase of 0.8% overall.
  • AO 12070: Effective January 1, 2019 (new business) and (renewal business) - AIPSO Filing No. VA 18-08 Section 2 of the Plan Manual for Personal Lines Auto amended to introduce language that would limit the eligibility for physical damage coverage to vehicles with an original cost new of $75,000 or less.
  • AO 12072: Effective January 1, 2019 (new business) and January 1, 2019 (renewal business) - AIPSO Filing No. VA 18-09 revised Administrative Section 18 and Commercial Auto Physical Damage Rate Tables of the manual to limit the eligibility for physical damage coverage to vehicles with an original cost new of $75,000 or less.

To view the above referenced administrative orders, go to https://www.scc.virginia.gov/boi/adminords/2018.aspx.

REGULATORY ACTIVITY:

• Has issued administrative order 12069 and 12070. AO 12069 Effective January 1, 2019 (new business) and February 1, 2019 (renewal business) - AIPSO Filing No. VA 18-07 Commercial Auto Rate Filing - This filing includes a rate increase of 0.8% overall. AO 12070 Effective January 1, 2019 (new business) and (renewal business) - AIPSO Filing No. VA 18-08 Section 2 of the Plan Manual for Personal Lines Auto amended to introduce language that would limit the eligibility for physical damage coverage to vehicles with an original cost new of $75,000 or less.  To view the orders, go to https://www.scc.virginia.gov/boi/adminords/2018.aspx.

REGULATORY ACTIVITY:

• Issued administrative order number 12067 on October 10, 2018 regarding application of automobile insurance plans of service office.  To view the order, go to https://www.scc.virginia.gov/boi/adminords/2018.aspx.

REGULATORY ACTIVITY:

• Issued administrative order 12065.  Effective October 1, 2018 - AIPSO Filing VA 18-01 files ISO’s 2013 Division One Commercial Business Auto Forms, Virginia Exclusions Auto Dealers Endorsement, AP 72 51 and corresponding rating rules. The Filing also amends the Virginia Changes- Cancellation and Nonrenewal Endorsement, AP 30 17, to reference Auto Dealers. To view the order, go to https://www.scc.virginia.gov/boi/adminords/2018.aspx.

REGULATORY ACTIVITY:

• Issued administrative order 12062 regarding AIPSO Filing VA 18-04 makes revisions to Section 23 of the Plan Manual to introduce a new procedure for returning EASi Applications.  For amendment to the Virginia Automobile Insurance Plan Manual of rules, classifications, territories, rates additional charges, and forms to provide for writing insurance upon applicants assigned by the Virginia Automobile Insurance Plan.  To view a copy of the order, go to https://www.scc.virginia.gov/boi/adminords/2018.aspx.

REGULATORY ACTIVITY:

• Published Administrative Order regarding commercial auto. Effective January 1, 2018 - AIPSO Filing VA 17-10 makes revisions to Rule 94 applicable for Commercial Auto to provide a clearer distinction between the use class for a limousine and the use class for an airport limousine.