(1)
- (a) The commissioner shall annually publish a table comparing the rates charged by insurers for private passenger motor vehicle and homeowners insurance in this state.
- (b) The comparison shall list the top 20 insurers writing the greatest volume by premium dollar per calendar year and others requesting inclusion in the comparison.
- (c) The commissioner shall develop at least four hypothetical examples of risk in preparing the comparison.
(2) In conjunction with the rate comparison described in Subsection (1), the commissioner shall publish:
- (a) a table listing, for each insurer compared, the ratio of confirmed complaints received by the department to the premium dollar amount written by the insurer; and
- (b) a table listing for each insurer the combined loss and expense ratio for the most current year available.
- (3) The department shall make copies of the tables available to the public at minimal or no cost.
Amended by Chapter 138, 2016 General Session