Current through the 2024 Fourth Special Session
Section 31A-19a-307 - Rate service organizations - Permitted activityA rate service organization may on behalf of its members and subscribers:
(1) develop statistical plans including territorial and class definitions;(2) collect statistical data from: (3) prepare, file, and distribute prospective loss costs which may include provisions for special assessments;(4) prepare, file, and distribute: (c) formulas pertaining to classification; or(d) territory, increased limits, and other variables;(5) prepare, file, and distribute supplementary rating information;(6) distribute information that is required or directed to be filed with the commissioner;(7) conduct research and on-site inspections to prepare classifications of public fire defenses;(8) consult with public officials regarding public fire protection as it would affect members, subscribers, and others;(9) conduct research and onsight inspections to discover, identify, and classify information relating to causes or prevention of losses;(10) conduct research relating to the impact of statutory changes upon prospective loss costs;(11) prepare, file, and distribute policy forms and endorsements;(12) consult with members, subscribers, and others concerning use and application of the policy forms and endorsements described in Subsection (11);(13) conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;(14) conduct on-site inspections to determine rating classifications for individual insureds;(15) collect, compile, and publish past and current prices of individual insurers, provided the information is also made available to the general public at a reasonable cost;(16) collect and compile exposure and loss experience for the purpose of individual risk experience ratings;(17) furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section; and(18) engage in any other activity not prohibited by this title.Enacted by Chapter 130, 1999 General Session.