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NAIC’s Compendium of State Laws on Insurance Topics - page 1 / 22

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NAIC’s Compendium of State Laws on Insurance Topics

RATE FILING METHODS FOR PROPERTY/CASUALTY INSURANCE, WORKER’S COMPENSATION, TITLE

5/06

FILING METHOD file and use

LINES commercial lines

prior approval

medical malpractice, property and casualty

prior approval

rate filings seeking an overall rate increase of 10% or more

prior approval

personal lines

prior approval (30 days)

property and inland marine

prior approval (30 days)

casualty and surety, worker’s compensation

file and use (60 days)

title

§§ 27-13-29 to 27-13-30, 27-13-33

§§ 27-13-67 to 27-13-68, 27-13-72

§ 27-25-6

Explanation: In a state with prior approval, a filing may be deemed to have been approved after a certain number of days. If such a provision exists, the number of days is noted in parentheses. File and use states may require filing a certain number of days before the rates may become effective. If so, it is noted. Use and file states may require filing within a certain number of days after the rate becomes effective, and the number of days will be so noted. Flex rating percentages that trigger prior approval are noted in parentheses, also. A more complete definition of each filing method is found at the end of the chart.

The date following each state indicates the last time information for the state was reviewed/changed.

COMMENTS

Desired result is improving the speed to market of filings.

STATE

AL (5/06)

CITATION Ins. Reg. 123

© 2006 National Association of Insurance Commissioners

II-PA-10-1

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