No. 33404 (5-year Review): Rule R590-140. Reference Filings of Rate Service Organization Prospective Loss Costs
DAR File No.: 33404
Filed: 02/23/2010 02:15:58 PMNOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Subsections 31A-2-201(1) and 31A-2-201(3)(a) provide general rulewriting authority to the commissioner to adopt rules that will implement provisions of the insurance code. This rule focuses on the requirements for a rate service organization filing loss cost factors for property and casualty insurers as specified in Sections 31A-19a-203 and 31A-19a-205.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
The department has received no written comments regarding this rule in the past five years.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
It is important that this rule continue in force. The rule provides instruction to rate service organizations concerning the filings they will use in Utah to be in compliance with the insurance code. It is a key component in the regulation of loss cost filings developed by all rate service organizations, such as the National Council on Compensation Insurance (NCCI) and Insurance Service Office (ISO), licensed to do business in Utah. This rule applies to all lines of property and casualty insurance coverage.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
Insurance
Administration
450 N MAIN ST
SALT LAKE CITY, UT 84114-1201Direct questions regarding this rule to:
- Jilene Whitby at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at jwhitby@utah.gov
Effective:
02/23/2010
Authorized by:
Jilene Whitby, Information Specialist
Document Information
- Effective Date:
- 2/23/2010
- Publication Date:
- 03/15/2010
- Filed Date:
- 02/23/2010
- Agencies:
- Insurance,Administration
- Authorized By:
- Jilene Whitby, Information Specialist
- DAR File No.:
- 33404
- Related Chapter/Rule NO.: (1)
- R590-140. Reference Filings of Rate Service Organization Prospective Loss Costs.