Iowa Admin. Code r. 191-20.1 - General requirements for filing rates and forms
(1) Insurers
required to file rates or forms with the division shall submit required rate
and form filings and any fees required for the filings electronically using the
National Association of Insurance Commissioners' System for Electronic Rate and
Form Filing (SERFF). Insurers must comply with the division 's requirements for
submissions, including both the Iowa general instructions and the specific
submission requirements for the type of insurance for which the companies are
submitting forms or rates, as set out on the SERFF website at
serff.com.
(2) No rate filing shall include any
adjustment designed to recover underwriting or operating losses incurred out of
state. Upon request by the commissioner, insurers doing business in Iowa shall
segregate in their rate filings data from any state identified by the
commissioner, and the filings shall include a certification that no portion of
any rate increase is designed to recover underwriting or operating losses
incurred in another state.
Notes
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