Section 304.13-121 - Authorized activities for advisory organizationsAny advisory organization in addition to other activities not prohibited, is authorized, on behalf of its members and subscribers, to:
(1) Collect statistical data from members, subscribers, or any other source;(2) Develop statistical plans including territorial and class definitions;(3) Prepare, file, and distribute prospective loss costs which may include provisions for special assessments. Loss costs, derived in part or entirely upon output form simulation models, must be approved by the commissioner before they become effective;(4) Prepare, file, and distribute manuals of rating rules, rating schedules, and other supplementary rating information that do not include final rates, expense provisions, profit provisions, or minimum premiums;(5) Prepare, file, and distribute factors, calculations, or formulas pertaining to classification, territory, increased limits, and other variables;(6) Distribute information that is required or directed to be filed with the commissioner;(7) Conduct research and on-site inspections in order to prepare classifications of public fire defenses, and to consult with public officials regarding public fire protection as it would affect members, subscribers and others;(8) Conduct research in order to discover, identify, and classify information relating to causes or prevention of losses;(9) Conduct research relating to the impact of statutory changes upon prospective loss costs and special assessments;(10) Prepare, file, and distribute policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;(11) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;(12) Conduct on-site inspections to determine rating classifications for individual insureds;(13) For workers' compensation insurance, establish a committee which may include insurance company representatives to review the determination of the rating classification for individual insureds and suggest modifications to the classification system, pursuant to KRS 304.13-167(1);(14) Collect, compile, and publish past and current prices of individual insurers, if such information is also made available to the public at a reasonable cost;(15) Collect and compile exposure and loss experience for the purpose of individual risk experience ratings;(16) File final rates, at the direction of the commissioner, for residual market mechanisms; and(17) Furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1127, effective7/15/2010. --Amended 2000, Ky. Acts ch. 380, sec. 8, effective 7/14/2000. -- Created 1982 Ky. Acts ch. 278, sec. 11, effective 7/15/1982.