Section 408 – Procedures for workers’ compensation tiered rate filings.
31A-19a-408. Procedures for workers’ compensation tiered rate filings. (1) Notwithstanding Section 31A-19a-214 and subject to the other provisions of this section, a workers’ compensation insurer may file with the commissioner a rate filing for workers’ compensation insurance that provides for a plan with more than one rate tier for a single insurer or an insurer […]
Section 405 – Filing of rates and other rating information.
Effective 5/12/2020 31A-19a-405. Filing of rates and other rating information. (1) (a) All workers’ compensation rates, supplementary rate information, and supporting information shall be filed at least 30 days before the effective date of the rate or information. (b) Notwithstanding Subsection (1)(a), on application by the filer, the commissioner may authorize an earlier effective date. […]
Section 406 – Filing requirements for designated rate service organization.
Effective 5/12/2020 31A-19a-406. Filing requirements for designated rate service organization. (1) The rate service organization designated under Section 31A-19a-404 shall file with the commissioner the following items proposed for use in this state at least 30 calendar days before the day on which the items are distributed to members, subscribers, or others: (a) each advisory […]
Section 407 – Cooperation among rating organizations and insurers
31A-19a-407. Cooperation among rating organizations and insurers (1) Notwithstanding Section 31A-19a-305, rate service organizations and insurers may cooperate with each other in rate-making or in other matters within the scope of this part. (2) (a) The commissioner may review the cooperative activities and practices permitted under Subsection (1). (b) If, after a hearing, the commissioner […]
Section 304 – Probation.
31A-19a-304. Probation. (1) (a) In any circumstances that would justify a suspension under Section 31A-19a-303, instead of a suspension, the commissioner may, after a hearing, put the licensee on probation for a specified period not to exceed 12 months from the date of probation. (b) The probation order shall state the conditions for retention of […]
Section 305 – Anti-competitive agreements prohibited.
31A-19a-305. Anti-competitive agreements prohibited. (1) (a) An insurer may not assume any obligation to any person other than a policyholder or other company under common control, to use or adhere to certain rates or rating procedures. (b) Except for a policyholder or other company under common control, a person may not impose any penalty or […]
Section 306 – Insurers and rate service organizations — Prohibited activity.
31A-19a-306. Insurers and rate service organizations — Prohibited activity. (1) An insurer or rate service organization may not: (a) attempt to monopolize, or combine or conspire with any other person to monopolize an insurance market; or (b) engage in a boycott of an insurance market on a concerted basis. (2) (a) Except as provided in […]
Section 307 – Rate service organizations — Permitted activity.
31A-19a-307. Rate service organizations — Permitted activity. A rate service organization may on behalf of its members and subscribers: (1) develop statistical plans including territorial and class definitions; (2) collect statistical data from: (a) members; (b) subscribers; or (c) any other source; (3) prepare, file, and distribute prospective loss costs which may include provisions for […]
Section 308 – Rate service organizations — Filing requirements.
31A-19a-308. Rate service organizations — Filing requirements. (1) A rate service organization shall file with the commissioner any of the following that is used in this state: (a) any statistical plan; (b) all prospective loss costs; (c) provisions for special assessments; (d) all supplementary rating information; and (e) any change, amendment, or modification of an […]
Section 309 – Recording and reporting of experience.
31A-19a-309. Recording and reporting of experience. (1) (a) The commissioner may adopt rules for the development of statistical plans, for use by all insurers in recording and reporting their loss and expense experience, in order that the experience of those insurers may be made available to the commissioner. (b) The rules provided for in Subsection […]