View Our Newest Version Here

2011 Utah Code
Title 31A Insurance Code
Chapter 19a Utah Rate Regulation Act
Section 307 Rate service organizations -- Permitted activity.

31A-19a-307. Rate service organizations -- Permitted activity.
A rate service organization may on behalf of its members and subscribers:
(1) develop statistical plans including territorial and class definitions;
(2) collect statistical data from:
(a) members;
(b) subscribers; or
(c) any other source;
(3) prepare, file, and distribute prospective loss costs which may include provisions for special assessments;
(4) prepare, file, and distribute:
(a) factors;
(b) calculations;
(c) formulas pertaining to classification; or
(d) territory, increased limits, and other variables;
(5) prepare, file, and distribute supplementary rating information;
(6) distribute information that is required or directed to be filed with the commissioner;
(7) conduct research and on-site inspections to prepare classifications of public fire defenses;
(8) consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(9) conduct research and onsight inspections to discover, identify, and classify information relating to causes or prevention of losses;
(10) conduct research relating to the impact of statutory changes upon prospective loss costs;
(11) prepare, file, and distribute policy forms and endorsements;
(12) consult with members, subscribers, and others concerning use and application of the policy forms and endorsements described in Subsection (11);
(13) conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(14) conduct on-site inspections to determine rating classifications for individual insureds;
(15) collect, compile, and publish past and current prices of individual insurers, provided the information is also made available to the general public at a reasonable cost;
(16) collect and compile exposure and loss experience for the purpose of individual risk experience ratings;
(17) furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section; and
(18) engage in any other activity not prohibited by this title.

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.