31A-19a-301. Operation and control of rate service organizations. (1) (a) A rate service organization may not provide any service relating to statistical collection or the rates of any insurance subject to this chapter unless the organization is licensed under Section 31A-19a-302. (b) An insurer may not use the services of the organization for the purposes […]
31A-19a-302. Licensing of rate service organizations. (1) A rate service organization applying for a license shall include with its application: (a) a copy of its constitution, charter, articles of organization, agreement, association, or incorporation, and a copy of its bylaws, plan of operation, and any other rules or regulations governing the conduct of its business; […]
31A-19a-303. Termination of license. (1) A license issued under this chapter remains in force until: (a) revoked, suspended, or limited under Subsection (2); (b) lapsed under Subsection (3); or (c) surrendered to and accepted by the commissioner. (2) (a) After a hearing, the commissioner may revoke, suspend, or limit in whole or in part, the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
