- (1) Each insurer to which this rule applies shall maintain a general statement of company policies and procedures for underwriting and developing (a) rates and (a) rating.
(2) The general statement shall include:
- (a) a delineation of the extent of home office and branch office authority regarding the promulgation of (a) rates; and
- (b) formal guidelines the insurer has established for a situation described in Subsection (2)(a).
- (3) The general statement shall be made available to the commissioner upon request.
KEY: insurance companies
Date of Last Change: October 25, 2021
Notice of Continuation: August 9, 2024
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-19a-103