2006 Utah Code - 31A-19a-214 — Rating tiers.

     31A-19a-214.   Rating tiers.
     (1) An insurer may file with the commissioner a rate filing that provides for a program with more than one rate level in the same company or group of companies if:
     (a) the program is based, to the extent feasible, upon mutually exclusive underwriting rules per tier;
     (b) the underwriting rules are based on clear, objective criteria that would lead to a logical distinguishing of potential risk; and
     (c) in filing to establish tiers, the insurer provides supporting information that evidences a clear distinction between the expected losses and expenses for each tier.
     (2) A rating tier may not be continued if premium, loss, and expense data fail to show a continued clear distinction between the tiers.

Enacted by Chapter 130, 1999 General Session