Utah Admin. Code 37-1-6

Current through Bulletin No. 2024-21, November 1, 2024
Section R37-1-6 - Premium Establishment

In addition to other actuarially sound factors, the risk manager may use the following in determining the appropriate premiums for coverage provided to each covered entity:

(1) Efforts at exposure management including completion of self-inspection surveys, employee training, agency attendance at Fund-sponsored seminars, agency risk control meetings, risk-related policy development and implementation.
(2) Claims and loss history.
(3) State and federal statutes or court decisions affecting covered entities and operations.
(4) Number of employees in the entity and size of the entity's budget.
(5) Value, protection, exposures, and other characteristics of the entity's buildings and contents.
(6) Number, type, and value of entity vehicles.
(7) Characteristics and exposures of operations and activities.
(8) Actuarial studies.

Utah Admin. Code R37-1-6

Amended by Utah State Bulletin Number 2023-05, effective 2/22/2023