31A-19a-307 - Rate service organizations -- Permitted activity.
31A-19a-307. Rate service organizations -- Permitted activity.
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 forspecial 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 firedefenses;
(8) consult with public officials regarding public fire protection as it would affectmembers, subscribers, and others;
(9) conduct research and onsight inspections to discover, identify, and classifyinformation relating to causes or prevention of losses;
(10) conduct research relating to the impact of statutory changes upon prospective losscosts;
(11) prepare, file, and distribute policy forms and endorsements;
(12) consult with members, subscribers, and others concerning use and application of thepolicy forms and endorsements described in Subsection (11);
(13) conduct research and on-site inspections for the purpose of providing riskinformation 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, providedthe 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 riskexperience ratings;
(17) furnish any other services, as approved or directed by the commissioner, related tothose enumerated in this section; and
(18) engage in any other activity not prohibited by this title.
Enacted by Chapter 130, 1999 General Session