Commercial Lines<br>Dereg Bills Enacted

Commercial Lines Dereg Bills Enacted

WV SB 495 has been enacted. This bill exempts certain commercial insurance lines, including Commercial Inland Marine, from rate filing requirements. It also exempts large commercial insureds meeting specific criteria. The new exemptions become effective on June 8, 2018.

MD H 1127 (and companion bill MD S 876) has also been enacted. This bill revises the definition of “exempt commercial policyholder” and expands the scope of the exemption to include rating. Also, the bill repeals the requirement that an exempt commercial policyholder must certify in writing to the Commissioner that it meets the criteria necessary for exemption from rate and form filing requirements. This revised law becomes effective October 1, 2018.

WV SB 495

MD H 1127