Utah Admin. Code R590-144-6 - Rule
(1)
(a) An insurer or rate service organization
is exempt from the rate filing requirements of Section
31A-19a-203 for
commercial aviation insurance.
(b)
This rule does not exempt an insurer or rate service organization from the rate
standards of Section
31A-19a-201.
(2)
(a) An
insurer or rate service organization is exempt from the form filing
requirements of Section
31A-21-201 for
commercial aviation insurance.
(b)
This rule does not permit an insurer or rate service organizations to issue a
contract that does not conform to Section
31A-22-101.
(3) Each insurer shall maintain fully
documented underwriting files that must be made available to the commissioner
upon request and must show that:
(a) rates
are not excessive, inadequate, or unfairly discriminatory; and
(b) contracts are not inequitable, unfairly
discriminatory, misleading, deceptive, obscure, encourage misrepresentation, or
otherwise in violation of Utah law.
Notes
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