211 CMR 91.04 - Activities of Rating Organizations Regulated
Any Rating Organization may, with the participation of its members:
(1) Develop and make
recommendations to the Commissioner of Insurance with respect to statistical
plans.
(2) Collect, compile and
distribute Statistical Information to its members and subscribers, provided
such information shall be supplied upon request to the Division of Insurance
and, upon payment of a reasonable charge therefor, to any Insurer or other
person, whether or not a member or subscriber of the Rating
Organization.
(3) Prepare,
distribute and file Rating Manuals on behalf of any member or subscriber which
authorizes it to make such a filing in accordance with M.G.L. c. 175E, §
6(a)(10).
(4) Prepare, distribute
and file policy forms and endorsements on behalf of any member or subscriber
which authorizes it to make such a filing in accordance with M.G.L. c. 175E,
§ 6(a)(10).
(5) Conduct and
publish studies of general actuarial and rate making issues, provided such
studies shall be supplied, upon request, to the Division of Insurance and, upon
payment of reasonable charge therefor, to any insurer or other person, whether
or not a member or subscriber of the Rating Organization.
(6) Perform any other actions in connection
with motor vehicle insurance rates which are not inconsistent with M. G.L. c.
175E.
Any Rating Organization may, without the participation of its members:
(1) Prep are and file an
Advisory Filing for any motor vehicle coverage subject to M. G.L. c.
175E.
(2) Prepare and file a Rate
Filing on behalf of any member or subscriber which authorizes it to make such a
filing in accordance with M.G.L. c. 175E, § 6(a)(10), for any motor
vehicle coverage subject to M.G.L. c. 175E, other than "trucks, trailers and
tractors" and "private passenger type" commercial coverages, and taxi,
garage/dealer and motorcycle coverages.
(3) Prepare and file a Rate Filing on behalf
of the Massachusetts Motor Vehicle Reinsurance Facility or any residual market
organization which is authorized or directed by law to file rates for any motor
vehicle insurance coverage subject to M.G.L. c. 175E and which authorizes it to
make such a filing.
(4) Prepare and
file a Rate Filing on behalf of any Insurer or Insurance Company Group which
wrote less than 1% of the premiums for motor vehicle insurance in the
commonwealth, as determined under M.G.L. c. 175E, § 4(e) and
211
CMR 91.00, and which authorizes it to make such a
filing in accordance with M.G.L. c. 175E, § 6(a)(10).
(5) If an Insure r, writing less than 1% of
the premiums for motor vehicle insurance in the Commonwealth, as determined
under M.G.L. c. 175E, § 4(e), and
211
CMR 91.00, has expenses, including commissions, prior
to trending, which are 80% or less than those underlying the rate filing made
by a Rating Organization on behalf of such Insurer or the rate filing of
another Insurer which is adopted by such Insurer, that Insurer shall not adopt
the external rate filing without deviating therefrom so as to reflectits lower
expenses, unless specific and substantial reasons for not so deviating have
been provided to and approved by the Commissioner.
Notes
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