Iowa Admin. Code r. 191-60.3

Current through Regsiter Vol. 46, No. 26, June 12, 2024

Rule 191-60.3 - General filing requirements

(1) Insurers required to file rates with the division shall submit required rate filings and any fees required for the filings electronically using SERFF. Insurers must comply with the division's requirements, 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 division, insurers doing business in Iowa shall segregate in their rate filings data from any state identified by the division, 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.

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