379.890. Rates, rate plan or rate system filing, when--required actuarial data.
Rates, rate plan or rate system filing, when--required actuarial data.
379.890. Supporting actuarial data shall be filed in support of acommercial casualty insurance rate, rating plan, or rating system filing,whenever requested by the director to determine whether rates areexcessive, inadequate or unfairly discriminatory. The data shall be insufficient detail to:
(1) Justify any rate level changes; and
(2) Demonstrate the statistical significance of differences orcorrelations relevant to rating plan definitions and rate differentials.
(L. 1987 H.B. 700 § 30, A.L. 2002 H.B. 1468)