Iowa Admin. Code r. 191-20.1

Current through Register Vol. 47, No.14, January 8, 2025

Rule 191-20.1 - General requirements for filing rates and forms

(1) Insurers required to file rates or forms with the division shall submit required rate and form filings and any fees required for the filings electronically using the National Association of Insurance Commissioners' System for Electronic Rate and Form Filing (SERFF). Insurers must comply with the division's requirements for submissions, including both the Iowa general instructions and the specific submission requirements for the type of insurance for which the companies are submitting forms or rates, as set out on the SERFF website at serff.com.

(2) No rate filing shall include any adjustment designed to recover underwriting or operating losses incurred out of state. Upon request by the commissioner, insurers doing business in Iowa shall segregate in their rate filings data from any state identified by the commissioner, and the filings shall include a certification that no portion of any rate increase is designed to recover underwriting or operating losses incurred in another state.

Amended by IAB May 5, 2021/Volume XLIII, Number 23, effective 6/9/2021

Adopted by IAB March 20, 2024/Volume XLVI, Number 19, effective 4/24/2024