Bulletin W13-043 - Update, Hazard Insurance Policy
May 10, 2013
Topic included in Bulletin W13-043:
- CMS will accept hazard insurance policies that are underwritten by a state’s Fair Access to Insurance Requirements (FAIR) plan if it is the only coverage available
- CMS will also accept coverage through a state’s insurance plan if it is the only coverage available
- CMS will accept policies of an insurer that does not meet CMS’s rating requirements if the insurer is covered by reinsurance with a company that meets either one of the A.M. Best’s Financial Strength Ratings or Standard and Poor’s Insurer Financial Strength Rating
- Effective immediately
- Hazard Insurance Policy is in the process of being updated and a separate bulletin will be sent when the policy is posted to the Intranet
Download: Bulletin - W13-043 (PDF)
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