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NAIC’s Compendium of State Laws on Insurance Topics - page 8 / 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

file and use

title

§ 22:1401 (amendments pending) § 22:1401(z) (amendments pending)

prior approval (45 day deemer)

all personal p/c lines not qualifying for flexible rating

file and use (30 days) if increase or decrease is within 10% of rates in effect

all personal p/c lines that qualify for flexible rating

§ 22:1401.1

file and use (45 day)

all commercial p/c lines

§ 22:1407

prior approval (45 day deemer)

all lines except worker’s compensation

§ 22:1407(f)

modified prior approval (50 days)

all lines except worker’s compensation

§ 22:1407(k)

file and use (90 days)

worker’s compensation (assigned risk)

§ 22:1407(k)

file and use (90 days)

worker’s compensation (voluntary market)

Reg. 37:XIII.10113

filing information

© 2006 National Association of Insurance Commissioners

if no change in relationship between rates and expense portion and no change in rate relativities on any basis other than loss experience.

if increase in rates is 25% or less on an annual basis, if over 25%, prior approval with 45 day deemer.

if rate change does not exceed average of 20% annually, if exceeds 20% prior approval needed with 45 day deemer.

II-PA-10-8

LA (5/06)

10% limitation not applicable on an individual insured basis under flexible rating.

KY

§ 304.13-051

(5/06)

(amendments

pending)

FILING METHOD use and file (15 days) in competitive market; prior approval (30 days) in non-competitive market; prior approval of any rates which when combined with any rating factors effectively change pre-tax premium of any particular policy by more than +/- 25% in any 12-month period of time

no filing

STATE

CITATION

LINES personal lines, auto guaranty, credit, medical malpractice, worker’s compensation

other commercial lines

COMMENTS filing method based on finding of existence of competitive market by commissioner.

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