3 AAC 29.250. Insurer rate filing

(a) Repealed 12/24/93.

(b) Repealed 12/24/93.

(c) An insurer's rate filing must be consistent with the estimate of future costs of a risk transfer as established in the Casualty Actuarial Society's Statement of Principles Regarding Property and Casualty Ratemaking, adopted May 1988. The costs must include estimated future losses, loss adjustment expenses, and other expenses.

(d) Repealed 3/11/98.

(e) If an insurer relies upon the loss costs of a rating organization to support its rates, the insurer must use the approved prospective loss costs of the rating organization in effect at the time of the use.

History: Eff. 8/7/92, Register 123; am 12/24/93, Register 128; am 1/17/98, Register 145; am 3/11/98, Register 145

Authority: AS 21.06.090

AS 21.39.040

AS 21.39.130

Editor's note: The Casualty Actuarial Society's Statement of Principles Regarding Property and Casualty Ratemaking, adopted May 1988, referenced in 3 AAC 29.250(c) may be obtained from the Casualty Actuarial Society; 1100 North Glebe Road, Suite 600; Arlington, VA 22201-4798; telephone number (703) 276-3100.

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