Effective March 1, 2010 (New Business and Renewal Policies)
Revised Rating Symbols for Private Passenger:
There is one rating symbol in the ISO Symbol & Identification Manual for 2010 & prior model years.
For 2011 & subsequent model
years, there will be a rating symbol for comprehensive coverage and another for
collision coverage,
which will increase rating accuracy.
The MAIPF will adopt this change on March 1, 2010.
The MAIPF Manual currently displays model year factors and symbol factors in one table (R-10/11).
The amended private passenger
rate section will introduce a 75-symbol table for 2011 and subsequent model
years, new model year
factor tables, new symbol factor tables, and revised rating worksheets.
The base rates have not changed and can be found in the revised manual that AIPSO will distribute shortly.
In the future, only base rates and model year tables will change.
Please let us know if you have any questions.