New York Marine and General Insurance Company filed two new optional endorsements in Hawaii. These endorsements apply to the insurer’s Management & Security Liability (MSL) policy, which offers management liability protection specifically designed for credit unions.

The filing introduces the Guaranteed Renewal Endorsement – Year One and Guaranteed Renewal Endorsement – Year Two, which commit the insurer to renew the policy for an additional one-year term at the same terms and conditions, unless specific disqualifying events occur. These include a change in control, bankruptcy, cancellation, regulatory changes preventing renewal, or adverse loss experience exceeding a specified threshold of the earned premium.

If renewal occurs under these terms, the insured is required to accept it. Premium increases are capped at a specified percentage of the full annual premium, unless a notice of claim or circumstance has been submitted during the prior policy period. In such cases, the insurer may reassess the renewal premium using its current rates.

This filing is form-only, carries no rate impact, and has a requested effective date of May 15, 2025, for both new and renewal business. The forms are intended to provide credit unions with predictable renewal terms under the MSL coverage framework.