31A-19a-307. Rate service organizations -- Permitted activity.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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