What is the maximum number of total losses allowed for IS Group 1-19 in the past 3 years?

The maximum number of total losses allowed for IS Group 1-19 in the past three years is two, with only one of those losses being permitted to be categorized as a Group A, B, or C loss. This regulation is designed to encourage responsible ownership and management practices for manufactured homes. It ensures that owners are mindful of their property's condition and limits the extent of loss claims, which contributes to the stability of the housing market.

Understanding the specifics of these classifications is also critical. Group A, B, and C losses refer to various levels of damage or issues that can significantly affect the value or safety of a manufactured home. By restricting the number of allowable losses in this manner, the regulations aim to foster a healthier environment for both insurers and homeowners, limiting excessive claims that could arise from more serious or frequent issues.

Each other option presents either a maximum that is too low or too high compared to the established guidelines, which could lead to greater risk in the manufactured home sector if allowed.