Utah Admin. Code R590-140-8 - Existing Rates and Deviations

(1) Nothing in this rule may require a rate service organization or the rate service organization's participating insurers to refile rates previously filed with the commissioner.

(2) A rate service organization's participating insurer may continue to use any rate and deviation currently filed for the insurer's use until the insurer:

(a) makes an independent filing to change the insurer's rates; or

(b) files the Utah Insurer Loss Costs Multiplier Filing Forms pages one and two and, if applicable, the Expense Constant Supplement adopting:

(i) a rate service organization's prospective loss costs ; or

(ii) the insurer's adjustment to the rate service organization's prospective loss costs .

(3) An insurer shall maintain any document that:

(a) demonstrates the insurer is using rates and deviations that have been filed with the commissioner; and

(b) the commissioner may use to verify the insurer's rates.

Notes

Utah Admin. Code R590-140-8

Amended by Utah State Bulletin Number 2021-24, effective 12/9/2021