(a) A rating organization, on behalf of its member and subscriber insurers, or an insurer may file, for the director's approval, a schedule rating plan that includes
- (1) the criteria that an applicant or insured must meet to be eligible for the plan;
- (2) a description of each risk characteristic for which a debit or credit will apply;
- (3) the range of permissible debits or credits for each risk characteristic;
- (4) the maximum total debit or credit that an underwriter may assign to the policy; and
- (5) a statement describing compliance with the requirements of 3 AAC 29.420 and 3 AAC 29.430.
- (b) A schedule rating plan filing must conform to the requirements of 3 AAC 31.200 - 3 AAC 31.217 and 3 AAC 31.225.
(Eff. 7/24/98, Register 147; am 11/12/2006, Register 180; am 12/20/2020, Register 236)
Authority: AS 21.06.090, AS 21.39.030, AS 21.39.040