Rating information to be filed with Commissioner; approval of rates; Commissioner to report certain changes to Director of Legislative Counsel Bureau; maximum permissible variance from approved rate.
1. The Advisory Organization shall file with the Commissioner a copy of every prospective loss cost, every manual of rating rules, every rating schedule and every change, amendment or modification to them which is proposed for use in this state at least 60 days before they are distributed to the organization’s members, subscribers or other persons. The rates shall be deemed to be approved unless they are disapproved by the Commissioner within 60 days after they are filed.
2. The Commissioner shall report any changes in rates or in the Uniform Plan for Rating Experience, the Uniform Statistical Plan or the Uniform System of Classification, when approved, to the Director of the Legislative Counsel Bureau.
Last modified: February 27, 2006