(a) When determining title insurance rates, a title insurance company shall base the rates on the following:
- (1) amounts paid to or retained by title insurance limited producers;
- (2) operating expenses;
- (3) payment of claims and claim related expenses;
- (4) investment income;
- (5) reasonable profit;
- (6) premium taxes;
- (7) any other relevant factors.
- (b) A title insurance company shall include statistical and financial data as described in 3 AAC 27.320 to support each item in (a) of this section in the title insurance rate filing required under AS 21.66.370 and 21.66.380.
(Eff. 4/15/2000, Register 154)
Authority: AS 21.06.090, AS 21.66.380, AS 21.66.410, AS 21.66.370, AS 21.66.390