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Title 3 . Commerce, Community, and Economic Development
Chapter 29 . Miscellaneous
Section 415. Filing requirements

3 AAC 29.415. Filing requirements

(a) A rating organization, on behalf of its member and subscriber insurers, or an insurer may file, for the director's approval, a schedule rating plan that includes

(1) the criteria that an applicant or insured must meet to be eligible for the plan;

(2) a description of each risk characteristic for which a debit or credit will apply

(3) the range of permissible debits or credits for each risk characteristic;

(4) the maximum total debit or credit that an underwriter may assign to the policy; and

(5) a statement that any previously approved schedule rating plan applicable to the same class of insureds is withdrawn upon approval of the filing.

(b) A schedule rating plan filing must conform to the requirements of 3 AAC 31.200 - 3 AAC 31.220 and must acknowledge an obligation to comply with 3 AAC 29.420 and 3 AAC 29.430.

History: Eff. 7/24/98, Register 147

Authority: AS 21.06.090

AS 21.39.030

AS 21.39.040

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Last modified 7/05/2006