When is an insurer required to file underwriting guidelines?
A. Effective June 11, 2003, each insurer writing personal automobile and residential property insurance must file a copy of its underwriting guidelines with the Department. An insurer must update its filing each time the underwriting guidelines are changed. If a group of insurers files one set of underwriting guidelines for the group, they shall identify which underwriting guidelines apply to each company in the group. While there is no deadline provided, insurers are expected to promptly submit underwriting guidelines to the Department.
