Thursday, December 13, 2012
OIR eases informational filing of P&C policy forms
OIR's recent memos clarify that the OIR has eliminated the prior requirements for informational filings (in effect since June 24, 2012) that the insurer certify compliance with case law and that the certification be made by an executive officer of the insurer.
The December 3, 2012 order supersedes an OIR order issued in June 2012 that first authorized the use of informational filings for P&C policy forms (without prior approval). The December order is in effect until June 24, 2013 (the same expiration date as the superseded order). The order applies to all P&C forms excluding workers compensation.
To review the December order and clarifying memos, go to this link: OIR memos and December 3, 2012 order.
This summary was prepared by Perry Cone and posted at TallyInsLaw.com.
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