R590-268-7. Form and Rate Filings

Latest version.

  (1) A contract filing consists of one contract form, any related documents, disclosure, rate manual, and actuarial memorandum.

  (2) A new or revised rate manual shall:

  (a) include a summary of how the rate is calculated;

  (b) contain specific area factors applicable in Utah;

  (c) be filed 30 days prior to use;

  (d) be applied in the same manner for all small employer stop-loss contracts;

  (e) describe how the overall rate is reviewed for compliance; and

  (f) include an actuarial certification signed by a qualified actuary.

  (3) All filings shall be submitted using SERFF.

                    
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