- (a) A rate filing shall be submitted whenever a new policy, rider, or endorsement form that affects benefits is submitted for approval or whenever there is a change in the rates applicable to a previously approved form. If the form does not require a change in the premium, the submission shall include a complete explanation of the effect of the rider or endorsement on the anticipated loss ratio.
- (b) The rate filing shall include all rates and rating formulae.
- (c) Rates, other than rate revisions, shall be filed with the policies, riders, or endorsements to which they apply and not separately.
(d) Every rate submission shall contain:
- (1) Carrier information, including the name and address of the carrier and the name, signature, title, direct toll-free telephone number, and e-mail address of the person responsible for the filing;
- (2) The scope and purpose of filing specifying whether this is a new form filing, a rate revision, or a justification of an existing rate;
- (3) A description of benefits provided by each policy form and any riders or endorsements that may be used with the form;
- (4) In-force business statistics, including policy count and annualized premium of New Hampshire policyholders or certificate holders, as well as the number of covered persons who will be affected by the proposed rate revision;
- (5) A proposed effective date, including a description of how the proposed rate revision will be implemented, such as the next anniversary date or next premium due date; and
- (6) The reasons for the revision, if the filing is for a rate revision.
Source. #9938, eff 6-10-11 (from Ins 4101.05); ss by #10212, eff 11-1-12; ss by #12799, eff 6-10-19