2005 Idaho Code - 41-1428 — RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 14
                           PROPERTY INSURANCE RATES
    41-1428.  RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE. (1) The
director shall promulgate and may modify reasonable rules and statistical
plans, reasonably adapted to each of the rating systems used, (to time) and
which shall be used thereafter by each insurer in the recording and reporting
of its loss and countrywide expense experience, in order that the experience
of all insurers may be made available at least annually in such form and
detail as may be necessary to aid him in determining whether rates comply with
the applicable standards of this chapter. Such rules and plans may also
provide for the recording and reporting of expense experience items which are
specially applicable to this state and are not susceptible of determination by
a prorating of countrywide expense experience.
    (2)  In promulgating such rules and plans the director shall give due
consideration to the rating systems in use in this state and, in order that
such rules and plans may be as uniform as is practicable among the several
states, to the rules and to the form of the plans used for such rating systems
in other states.
    (3)  No insurer shall be required to record or report its loss experience
on a classification basis that is inconsistent with the rating system used by
it.
    (4)  The director may designate one or more rating organizations or other
agencies to assist him in gathering such experience and making compilations
thereof, and such compilations shall be made available, subject to reasonable
rules promulgated by the director, to insurers and rating organizations.