3 Alaska Admin. Code § 29.220

Current through November 28, 2024
Section 3 AAC 29.220 - Insurer filing responsibilities
(a) An insurer may
(1) develop and submit its own filing of rates supported by statistical data, interpretation of the statistical data, relevant loss and expense experience or judgment, and other supporting information as required by the director; or
(2) submit a loss cost adjustment filing that adopts the prospective loss costs filing made by the rating organization of which the insurer is a participating insurer, and applies the insurer's own loss cost adjustments; except as provided in 3 AAC 29.240(c), an insurer must adopt the rating organization filing of prospective loss costs that will be in effect on the effective date of the insurer's loss cost adjustment filing.
(b) Repealed 12/24/93.
(c) Repealed 12/20/2020.
(d) A participating insurer of a rating organization for a kind of insurance may
(1) develop and submit a filing of supplementary rating information; or
(2) authorize the director to accept a filing of supplementary rating information made on its behalf by the licensed rating organization.

3 AAC 29.220

Eff. 8/7/92, Register 123; am 12/24/93, Register 128; am 1/17/98, Register 145; am 12/20/2020, Register 236, January 2021

Authority:AS 21.06.090

AS 21.39.040

AS 21.39.070

AS 21.39.130