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NAIC’s Compendium of State Laws on Insurance Topics - page 2 / 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

AK

§§ 21.39.040

(5/06)

(amendments pending) to

21.39.041

STATE

CITATION

FILING METHOD prior approval (15 days)

LINES

medical malpractice, worker’s compensation, and assigned risk rates

COMMENTS

Flex rating on rate changes

All p/c lines except worker’s compensation, medical malpractice, assigned risk

File and Use rate changes (30 days)

All p/c lines except WC, medical malpractice, assigned risk rates

Prior approval

Worker’s compensation rating organization loss cost and assigned risk rate

prior approval (30 days)

title

file and use (30 days)

worker’s compensation

use and file (30 days)

other p/c lines

File and use (30 days)

title

file and use (20 days) competitive market; prior approval (60 day deemer) in noncompetitive market

personal lines and small commercial risks

no filing

large commercial risks

prior approval

worker’s compensation

title

Rate increases or decreases of 10% cumulative over 12 months may be made without prior approval; rating changes falling outside these limits subject to file and use (30 days) File and use when the rate change is outside the flex bands.

Hearing required for rating org worker’s compensation loss cost filing

Filing method based is on a finding of the existence of a competitive market by the commissioner.

II-PA-10-2

§ 21.39.210

§ 21.39.220

§ 21.39.043

© 2006 National Association of Insurance Commissioners

§ 21.66.370

No provision

AZ

§ 20-357

(5/06)

§ 20-385

§ 20-376

§ 23-67-219

AR

§ 23-67-211

(5/06)

§§ 27-67-206

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