§ 23-67-504. Rate administration
(a) (1) The Insurance Commissioner shall promulgate rules requiring each malpractice insurer to record and report its loss and expense experience and any other data, including reserves, the commissioner considers necessary to determine whether rates comply with the standards set forth in § 23-67-502. (2) The information shall be provided in the form prescribed by […]
§ 23-67-505. Filing of rating information
(a) Every malpractice insurer shall file with the Insurance Commissioner every manual of classifications, rules, and rates, every rating plan, and every modification of any manual classification, rule, or rate that it proposes to use in this state. (b) The expense provisions included in the rates to be used by a malpractice insurer shall reflect […]
§ 23-67-506. Review of filings
(a) All malpractice rate filings shall remain on file for public inspection. (b) Whenever a malpractice insurer files a proposed overall rate increase of twenty percent (20%) or greater, it shall: (1) Publish notice of the filing for three (3) consecutive business days in a newspaper of general circulation in this state; and (2) Furnish […]
§ 23-67-507. Disapproval of rates
The Insurance Commissioner shall follow the procedures set forth in § 23-67-213 when any malpractice rate filing under this subchapter is disapproved.
§ 23-67-508. Administrative procedures
(a) Administrative procedures exercised by the Insurance Commissioner under this subchapter shall be in accordance with §§ 23-61-303 — 23-61-306. (b) (1) Appeals from orders of the commissioner under this subchapter shall be made in accordance with § 23-61-307. (2) Any appeal under this subchapter shall be given precedence over other pending matters so that […]
§ 23-67-509. Provisions cumulative
This subchapter supplements existing law. Only those laws and parts of laws in direct conflict with this subchapter are repealed.
§ 23-67-510. Effective date
This subchapter applies to all malpractice policies issued or renewed on or after January 1, 2006.
§ 23-67-601. Title
This subchapter shall be known and may be cited as the “Interstate Insurance Product Regulation Compact”.
§ 23-67-410. Indemnification
(a) An insurer shall indemnify, defend, and hold agents harmless from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer who obtains or uses credit information or credit scores, or both, for an insurer, provided the producer follows the instructions of or procedures […]
§ 23-67-602. Adoption of compact
The Interstate Insurance Product Regulation Compact is enacted into law and entered into with all other jurisdictions legally joining in this compact in the form substantially as follows: Interstate Insurance Product Regulation Compact ARTICLE I PURPOSES The purposes of this Compact are, through means of joint and cooperative action among the Compacting States: (1) To […]