Administrative Orders

Effective May 1, 2024 (new business) and May 1, 2024 (renewal business) – VAIP Commercial Lines Filing No.: VA 23-07- Rule 58 for Uninsured Including Underinsured Motorists Insurance is revised to eliminate the rounding procedure. Rating worksheets have been amended to eliminate rounding down for Uninsured Including Underinsured Motorist.

Effective May 1, 2024 (new business) and May 1, 2024 (renewal business) – VAIP Commercial Lines Filing No.: VA 23-06 Rule 27 for Uninsured Including Underinsured Motorists Insurance is revised to eliminate the rounding procedure. Rating worksheets have been amended to eliminate rounding down for Uninsured Including Underinsured Motorist.

Administrative Order 12181 approved NCCI Item Filing RM-W-8050 – Revisions to Residual Market Manual and Forms Manual Related to Loss Sensitive Rating Plan (LSRP) and Producer Fees. Please Note: The Loss Sensitive Rating Plan (LSRP) is not available in Virginia. This item clarifies in the Producer fee premium basis table in NCCI’s Residual Market Manual that the premium basis of the state is applied when the policy is a minimum premium policy.

Effective March 1, 2024 (new business) and April 1, 2024 (renewal business) - AIPSO Filing No. VA 23-05 Personal Auto Rate Filing - This filing includes a rate increase of 7.7% overall.

NCCI submitted Item Filing RM-W-8051 – Revisions to NCCI's Residual Market Manual Rules Related to Deposit Premium for Premium Financed Policies NCCI has reviewed residual market rules related to deposit premium for premium financed policies and established a rule in Virginia to specify the deposit premium for premium financed policies in the residual market must be 100% of the total estimated premium, making these premium financed policies not eligible for premium installment payments.

Updated standard form PP 01 99 01 25- Amendment of Policy Provisions- Virginia to reflect new minimum financial responsibility limits effective 01/01/2025.

Effective August 1, 2024 (new business) and September 1, 2024 (renewal business) - AIPSO Filing No. VA 23-08 Commercial Auto Rate Filing - This filing includes a rate increase of 8.9% overall.

NCCI submitted Item Filing 01-VA-2024 Revisions to Manual Rules Related to the Rounding of Rates Used in Premium to extend the decimal places from two to three when calculating premium. Extending loss costs, rates, and expected loss ratios to three decimal places will enable NCCI to recommend more precise and responsive changes.

Effective September 1, 2024 for new and renewal business - AIPSO Filing No. VA 24-01 – Virginia Exclusions-Auto Dealers Coverage Form AP 72 51 clarifies Abuse or Molestation exclusion, Perfluoroalkyl and Polyfluoroalkyl Substances exclusion added to General Liability Coverages, added Communicable Disease Exclusion for Covered Auto Liability CA 04 55 and Abuse or Molestation Exclusion for Covered Autos Liability CA 28 03 and updated Virginia Motor Carrier Endorsement CA 23 07 to track with ISO.

Effective January 1, 2025 (new and renewal business) – VAIP Commercial Lines Filing No.: VA 24-05 revised minimum financial responsibility limits to $50,000/$100,000 Bodily Injury and $25,000 Property Damage, Uninsured/Underinsured Motorist limits to 50,000/$100,000 Bodily Injury and $25,000 Property Damage, Combined Single Limit to $125,000, and amendments have been made to the Virginia Changes - Business Auto Coverage Form AP 20 89 and Virginia Changes - Auto Dealers Coverage Form AP 20 90.