R590-231-6. Underwriting and Rating

Related Notices

Latest version.

(1) The insurer for the market of last resort shall file separate underwriting and rating criteria for the market of last resort or a separate rating plan for the market of last resort.

(2) Underwriting criteria for eligibility in the market of last resort shall include:

(a) premium size;

(b) class code and risk characteristics; and

(c) loss and payroll experience.

(3) Policy files for employers eligible for the market of last resort must include the underwriting criteria or follow underwriting protocols used for placement in the market of last resort.

                    
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