If an insurer uses a schedule rating plan, the insurer

1. (1) must uniformly apply the plan to all eligible insureds or applicants;
2. (2) must apply the plan at each policy renewal;
3. (3) must assign credits or debits only for risk characteristics described in the plan; however, for each insured or applicant, the insurer may use underwriting judgment to determine an appropriate amount of any credit or debit within the filed range; and

4. (4) may not apply the plan in such a way as to duplicate other rating or rate development factors, including those in

   1. (A) a manual rate;
   2. (B) the classification of insureds within a rating system; or
   3. (C) an experience rating plan.

(Eff. 7/24/98, Register 147)

Authority: AS 21.06.090, AS 21.39.030, AS 21.39.040