11 NCAC 10 .1604. SUPPLEMENTARY RATING INFORMATION

(a)  A rating organization may submit a proper rate filing to the Department containing a revision of rules, relativities, or other supplementary rating information, on behalf of those insurers that have authorized the rating organization to make such submittal on their behalves.  A rating organization may print and distribute manuals of rules, relativities, and other supplementary rating information, excluding minimum premiums.

(b)  When an insurer has authorized a rating organization to file on its behalf, and a new filing of rules, relativities, and other supplementary rating information is filed and determined to be proper:

(1)        If the insurer decides to use the revisions and effective date as filed, the insurer is not required to make a filing with the Department.

(2)        If the insurer decides to use the revisions as filed but with a different effective date, the insurer must notify the Department before the rating organization's effective date.

(3)        If the insurer decides to use the revisions with modifications, the insurer must file supporting data for the changes with the Department for review and specify the basis for the modifications.  This must be done before the rating organization's effective date.

(4)        If the insurer decides not to use the revisions, the insurer must notify the Department before the rating organization's effective date.

 

History Note:        Authority G.S. 58‑2‑40; 58‑36‑15; 58‑37‑35; 58‑40‑30; 58‑40‑40;58‑41‑50; 58‑45‑45;

58‑46‑55;

Eff. February 1, 1991;

Amended Eff. April 1, 1992.