La. Admin. Code tit. 37 § XIII-15907
Commissioner-the Louisiana Commissioner of Insurance.
Consent to Rate-an agreement between the insured and the insurer based on information provided by the insurer that insurance coverage will be provided for a specific risk at an excess rate, as defined herein.
Department-the Louisiana Department of Insurance.
Excess Rate-a rate that is more than the manual rate that the commissioner has previously approved for the insurance program. For the purposes of Regulation 111, "rate in excess" has the same meaning as "excess rate".
Insurance Program-every manual, minimum, class rate, rating schedule, or rating plan and every other rating rule and every modification of any of the foregoing which an insurer proposes to use in the calculation of a premium to be charged for a policy.
Insurer-an insurer with a certificate of authority or license issued under provisions of the Louisiana Insurance Code.
Manual Rate-an approved rate for an insurance program.
Policy-an insurance contract providing property and casualty insurance coverage for a Louisiana insured or for property located in Louisiana.
Premium-all sums charged, received, or deposited as consideration for the purchase or continuation of insurance for a definitely stated term, and shall include any assessment, membership, policy, survey, inspection, service or similar fee or charge made by an insurer as a part of the consideration for the purchase or continuance of insurance, as defined in R.S. 22:46(13).
Rate-that cost of insurance per exposure unit, whether expressed as a single number or as a prospective loss cost, with an adjustment to account for the treatment of loss adjustment expenses, expenses, profit, and variation in expected future loss experience, prior to any application of individual risk variations based on actual past loss or expense considerations, and does not include minimum premiums.
La. Admin. Code tit. 37, § XIII-15907