The commissioner may consider the use of credibility factors consistent with sound actuarial principles in the review of experience to recognize deviations from the loss ratio standard that may be due to chance variation.

Note: Authority cited: Section 10293, Insurance Code. Reference: Section 10293(a), Insurance Code.

History

1. Repealer of section and new section and Note filed 12-29-2006; operative 3-29-2007 pursuant to Insurance Code section 10293(a) (Register 2006, No. 52).