Section Ins 2801.03 - Advisory Organization Reference Filing of Advisory Prospective Loss Costs(a) Advisory organizations may develop and make reference filings containing advisory prospective loss costs. Such filing shall contain the statistical data and support for any calculations or assumptions underlying those prospective loss costs. The reference filings shall be filed and approved by the commissioner pursuant to the provisions of RSA 412:16 I, and in accordance with the provisions of RSA 412:15, RSA 412:19, RSA 412:23 and RSA 412:25.(b) An insurer may adopt a referenced filing by: (1) Becoming a participating insurer of the licensed advisory organization which made the reference filing of advisory prospective loss costs; and(2) Filing with the commissioner the information required on form RFF-1.(c) The insurer's rates shall be the approved prospective loss costs filed by the rating organization which have been put into effect in accordance with the provisions of paragraph (a), combined with the insurer's loss cost adjustments which are filed in form RFF-1 and approved by the commissioner pursuant to the provisions of RSA 412:16, and in accordance with the provisions of RSA 412:15 and RSA 412:19.(d) To the extent that an insurer's final rates are determined solely by applying its loss cost adjustments, as presented in the reference filing adoption form, to the prospective loss costs contained in an advisory organization's reference filing and printed in the advisory organization's rating manual, the insurer shall not be required to develop or file its final rate pages with the commissioner. If an insurer chooses to print and distribute final rate pages for its own use, based solely upon the application of its filed loss costs adjustments to an advisory organization's prospective loss costs, the insurer shall not be required to file those pages with the commissioner. If the advisory organization does not print the loss costs in its rating manual, the insurer shall submit its rates to the commissioner.N.H. Admin. Code § Ins 2801.03
#5655, eff 7-1-93; ss by #6984, eff 5-1-99; ss by #8936, eff 8-1-07
Amended by Volume XXXV Number 36, Filed September 10, 2015, Proposed by #10920, Effective 9/1/2015, Expires9/1/2025.