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Title 3 . Commerce, Community, and Economic Development
Chapter 27 . Miscellaneous
Section 310. General ratemaking components

3 AAC 27.310. General ratemaking components

(a) When determining title insurance rates, a title insurance company shall base the rates on the following:

(1) amounts paid to or retained by title insurance limited producers;

(2) operating expenses;

(3) payment of claims and claim related expenses;

(4) investment income;

(5) reasonable profit;

(6) premium taxes;

(7) any other relevant factors.

(b) A title insurance company shall include statistical and financial data as described in 3 AAC 27.320 to support each item in (a) of this section in the title insurance rate filing required under AS 21.66.370 and 21.66.380.

History: Eff. 4/15/2000, Register 154

Authority: AS 21.06.090

AS 21.66.370

AS 21.66.380

AS 21.66.390

AS 21.66.410

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Last modified 7/05/2006