304.13-121 Authorized activities for advisory organizations.
Any advisory organization in addition to other activities not prohibited, is authorized, on
behalf of its members and subscribers, to:
(1) Collect statistical data from members, subscribers, or any other source;
(2) Develop statistical plans including territorial and class definitions;
(3) Prepare, file, and distribute prospective loss costs which may include provisions for
special assessments. Loss costs, derived in part or entirely upon output form
simulation models, must be approved by the commissioner before they become
effective;
(4) Prepare, file, and distribute manuals of rating rules, rating schedules, and other
supplementary rating information that do not include final rates, expense provisions,
profit provisions, or minimum premiums;
(5) Prepare, file, and distribute factors, calculations, or formulas pertaining to
classification, territory, increased limits, and other variables;
(6) Distribute information that is required or directed to be filed with the commissioner;
(7) Conduct research and on-site inspections in order to prepare classifications of
public fire defenses, and to consult with public officials regarding public fire
protection as it would affect members, subscribers and others;
(8) Conduct research in order to discover, identify, and classify information relating to
causes or prevention of losses;
(9) Conduct research relating to the impact of statutory changes upon prospective loss
costs and special assessments;
(10) Prepare, file, and distribute policy forms and endorsements and consult with
members, subscribers, and others relative to their use and application;
(11) Conduct research and on-site inspections for the purpose of providing risk
information relating to individual structures;
(12) Conduct on-site inspections to determine rating classifications for individual
insureds;
(13) For workers' compensation insurance, establish a committee which may include
insurance company representatives to review the determination of the rating
classification for individual insureds and suggest modifications to the classification
system, pursuant to KRS 304.13-167(1);
(14) Collect, compile, and publish past and current prices of individual insurers, if such
information is also made available to the public at a reasonable cost;
(15) Collect and compile exposure and loss experience for the purpose of individual risk
experience ratings;
(16) File final rates, at the direction of the commissioner, for residual market
mechanisms; and
(17) Furnish any other services, as approved or directed by the commissioner, related to
those enumerated in this section.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1127, effective July 15, 2010. -Amended 2000 Ky. Acts ch. 380, sec. 8, effective July 14, 2000. -- Created 1982 Ky.
Acts ch. 278, sec. 11, effective July 15, 1982.
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