Utah Admin. Code R590-121-2 - Purpose and Scope

(1) The purpose of this rule is to establish criteria for:

(a) modifying manual rates through insurer rate modification plans; and

(b) using rate modification plans to determine whether rates meet the standards under Section 31A-19a-201.

(2) This rule applies to:

(a) a property and casualty insurer;

(b) a rate service organization required to file rates and supplementary information under Section 31A-19a-203;

(c) a commercial line of insurance, whether monoline or packaged;

(d) workers' compensation insurance; and

(e) employers' liability insurance.

(3) This rule does not apply to:

(a) professional liability insurance;

(b) inland marine risks, which, by general custom, are not written according to manual rules or rating plans; and

(c) consent-to-rate risks submitted under Subsection 31A-19a-203(6).

Notes

Utah Admin. Code R590-121-2

Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021