Deviated Case Rates for Credit Life and Credit Accident and Health Insurance Sold by Motor Vehicle Dealers Effective Between January 1, 2023 and December 31, 2025; Issued December 22,2022

COMMONWEALTH OF MASSACHUSETTS Office of Consumer Affairs and Business Regulation DIVISION OF INSURANCE 1000 Washington Street, Suite 810 • Boston, MA 02118-6200 (617) 521-7794 • Toll-free (877) 563-4467 http://www.mass.gov/doi CHARLES D. BAKER GOVERNOR KARYN E. POLITO LIEUTENANT GOVERNOR MIKE KENNEALY SECRETARY OF HOUSING AND ECONOMIC DEVELOPMENT EDWARD A. PALLESCHI UNDERSECRETARY OF CONSUMER AFFAIRS AND BUSINESS REGULATION GARY D. ANDERSON COMMISSIONER OF INSURANCE ## BULLETIN 2022-10 TO: All Insurers Writing Credit Life and Credit Accident and Health Insurance in Massachusetts that is sold by Motor Vehicle Dealers FROM: Gary D. Anderson, Commissioner of Insurance DATE: December 22, 2022 RE: Deviated Case Rates for Credit Life and Credit Accident and Health Insurance Sold by Motor Vehicle Dealers Effective Between January 1, 2023 and December 31, 2025 Pursuant to M.G.L. c. 175, s. 117C(b)C.(4)(iii), the Commissioner shall review the combined experience of all insurers writing credit life and credit accident and health insurance in Massachusetts for the motor vehicle dealer class of business and compute the deviated case rates for credit life and credit accident and health insurance sold through motor vehicle dealers, for policies issued or renewed between January 1, 2023 through December 31, 2025. The deviated case rates for January 1, 2023 through December 31, 2025 for the motor vehicle dealer class of business are as follows: 1. Credit Life Insurance - The rates per one thousand dollars of insurance in force per month shall be seventy cents for single life insurance and one hundred and sixty percent of said single life insurance rate for joint life insurance, or one dollar and twelve cents. 2. Credit Accident and Health Insurance - The single premium rates for each one hundred dollars of initial indebtedness shall be fifty two cents per annum for each of the first four years of the term of coverage, thirty seven cents per annum for each of the next three years of the term of coverage and nineteen cents per annum for each year thereafter. Any questions concerning this Bulletin should be directed to Mary T. Hosford, at mary.hosford@mass.gov