Bulletin W13-043 – Update, Hazard Insurance Policy

May 10, 2013Bulletins

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)

Latest Advertisement