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(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
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Last modified 7/05/2006