Section 3 AAC 29.420 - Implementation requirementsIf an insurer uses a schedule rating plan, the insurer
(1) must uniformly apply the plan to all eligible insureds or applicants;(2) must apply the plan at each policy renewal;(3) must assign credits or debits only for risk characteristics described in the plan; however, for each insured or applicant, the insurer may use underwriting judgment to determine an appropriate amount of any credit or debit within the filed range; and(4) may not apply the plan in such a way as to duplicate other rating or rate development factors, including those in (B) the classification of insureds within a rating system; or(C) an experience rating plan.Eff. 7/24/98, Register 147Authority:AS 21.06.090
AS 21.39.030
AS 21.39.040