1. PAMIC 2016 MARKET REGULATION SYMPOSIUM DISCUSSION OF MARKET REGULATION FROM A PROPERTY & CASUALTY FILING PERSPECTIVE Jennifer Waldron Managing Director of State Filings Westmont Associates, Inc.

2.  PRICE OPTIMIZATION  TRANSPORTATION NETWORK COMPANIES  BIG DATA / INSURANCE TELEMATICS AND USAGE BASED INSURANCE  CYBER LIABILITY  DRONES EMERGING ISSUES – COUNTRYWIDE

3.  What is Price Optimization?  Why do insurance companies use price optimization and how it is applied to rating?  Why are insurance departments against price optimization and what steps are they taking to regulate the practice? PRICE OPTIMIZATION

4.  What is ridesharing insurance and how is it being applied to Transportation Network Companies?  How does the Insurance Services Organization (ISO) address ridesharing?  How are the state insurance departments beginning to regulate ridesharing insurance? TRANSPORTATION NETWORK COMPANIES

5.  What is Big Data and how are insurance companies using this information for insurance pricing?  What is Telematics and Usage Based Insurance and what affect may it have on smaller insurers?  Is the use of big data beneficial or detrimental to insurance consumers?  How is an insurer’s data protected? BIG DATA / INSURANCE TELEMATICS AND USAGE BASED INSURANCE

6.  What has caused the rise in insurance carriers filing Cyber Liability insurance products?  What does Cyber Liability coverage typically include?  How do the state insurance departments view Cyber Liability and are there specific filing requirements for this type of coverage? CYBER LIABILITY

7.  How are drones being used for claims inspections and how beneficial are they to insurers?  What are insurance companies doing to address the need for insurance for drones?  How is the Insurance Services Organization (ISO) addressing drone insurance? DRONES

8. PENNSYLVANIA  Widow’s Penalty for Personal Automobile Insurance  Fracking Related Earthquake Exclusion OHIO  Certificate of Insurance Law  Ridesharing Insurance EMERGING ISSUES – STATE-SPECIFIC

9. VIRGINIA  Advertising Injury and Cyber Breach Liability WEST VIRGINIA  Rideshare Companies  Farm Owners Immunity Stripped EMERGING ISSUES – STATE-SPECIFIC

10. MARYLAND  Stacking of Underinsured Motorists Coverage  Insurance Fraud  Proximate Cause Standard for Additional Insured Coverage MICHIGAN  Autonomous Vehicles Regulation Conference  Failure to Fix the No-Fault System EMERGING ISSUES – STATE-SPECIFIC

11. NEW JERSEY  Fraud Prevention NEW YORK  Cyber Security  Punitive Damage EMERGING ISSUES – STATE-SPECIFIC

12. SERFF  History of SERFF and how it is used in the current insurance environment  What are the benefits of using SERFF for your rate and form filings?  Description of the SERFF filing process  SERFF is accepted in 52 jurisdictions  35 states mandate SERFF in at least one business area and 22 states mandate EFT payment through SERFF SERFF (SYSTEM FOR ELECTRONIC RATE AND FORM FILING)/STATE FILING REQUIREMENTS)

13. PENNSYLVANIA  Commercial Lines forms are File and Use and rates are File and Use with filing exemptions available for certain lines of business  Personal Lines form and rate filings are Prior Approval  DOI typically reviews filings within 15-30 days STATE FILING REQUIREMENTS

14. OHIO  Most Commercial and Personal Lines form and rate filings are File and Use with the exception of Inland Marine and Property filings which are Prior Approval  Workers’ Compensation coverage may not be written on a primary basis in the state  DOI requires moderate support for all rate filings  Filings are typically reviewed within 30-60 days STATE FILING REQUIREMENTS

15. VIRGINIA  Commercial Lines rates are File and Use with numerous filing exemptions available  Commercial Lines forms are File and Use; however, the DOI performs an extremely detailed form review so a detailed pre- filing form review is recommended  Workers’ Compensation and all Personal Lines form and rate filings are Prior Approval  DOI requires signed actuarial certification for all rate filings  DOI is experiencing very significant filings backlog and filings may take up to 9 months for review  DOI is currently reviewing the use of modeling in rating STATE FILING REQUIREMENTS

16. WEST VIRGINIA  Commercial Lines form and rate filings are File and Use  Personal Lines and Medical Malpractice forms and rates are Prior Approval  DOI requires a Rate Filing Abstract to be completed for all rate filings  Filings are typically reviewing within 30-45 days STATE FILING REQUIREMENTS

17. MARYLAND  Commercial and Personal Lines forms require Prior Approval while most rates are File and Use (with the exception of Commercial Surety, Medical Malpractice & Workers’ Compensation)  Maryland has very specific SERFF filing instructions which require actuarial support for all rate filings, as well as detailed support for minimum premiums  DOI is experiencing fairly significant backlog of up to 3 months or more for review STATE FILING REQUIREMENTS

18. MICHIGAN  Most Commercial Lines forms and rates are exempt from review with the exception of Workers’ Compensation rates.  All Personal Lines forms are Prior Approval and the rates are File and Use  Filings are typically reviewed within 30 days STATE FILING REQUIREMENTS

19. NEW JERSEY  Commercial Lines forms are File and Use and rates are Use and File with the exception of Workers’ Compensation which is Prior Approval  All Personal Lines forms and rate are Prior Approval  Filings are typically reviewed within 30 days  New Program submissions require more detailed program information STATE FILING REQUIREMENTS

20. NEW YORK  Both Commercial and Personal Lines form and rate filings are Prior Approval with very limited exceptions  State-Specific form and rate checklists must be completed and included in all NY filings  DOI requires extensive actuarial support for both new programs and rate revisions, including 2 years of projected premiums for new programs  DOI typically takes up to a minimum of 3 months to complete review STATE FILING REQUIREMENTS