31A-19a-307. Rate service organizations — Permitted activity.
A rate service organization may on behalf of its members and subscribers:
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 special assessments;
- (4) prepare, file, and distribute:
- (a) factors;
- (b) calculations;
- (c) formulas pertaining to classification; or
- (d) territory, increased limits, and other variables;
- (5) prepare, file, and distribute supplementary rating information;
- (6) distribute information that is required or directed to be filed with the commissioner;
- (7) conduct research and on-site inspections to prepare classifications of public fire defenses;
- (8) consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
- (9) conduct research and onsight inspections to discover, identify, and classify information relating to causes or prevention of losses;
- (10) conduct research relating to the impact of statutory changes upon prospective loss costs;
- (11) prepare, file, and distribute policy forms and endorsements;
- (12) consult with members, subscribers, and others concerning use and application of the policy forms and endorsements described in Subsection (11);
- (13) conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
- (14) conduct on-site inspections to determine rating classifications for individual insureds;
- (15) collect, compile, and publish past and current prices of individual insurers, provided the information is also made available to the general public at a reasonable cost;
- (16) collect and compile exposure and loss experience for the purpose of individual risk experience ratings;
- (17) furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section; and
- (18) engage in any other activity not prohibited by this title.
Enacted by Chapter 130, 1999 General Session