HOUSE AMENDMENT
Bill No. HB 15C
   
1 CHAMBER ACTION
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Senate House
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12          The Subcommittee on Rules offered the following:
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14          Technical Amendment
15          Remove lines 1982-1993, and insert:
16          the rate provided for in paragraph (a) is excessive, inadequate,
17    or unfairly discriminatory shall separately state in its filing
18    the rate it contends is appropriate and shall state with
19    specificity the factors or data that it contends should be
20    considered in order to produce such appropriate rate. The
21    insurer or rating organization shall be permitted to use all of
22    the generally accepted actuarial techniques provided in this
23    section in making any filing pursuant to this subsection. The
24    Office of Insurance Regulation shall review each such exception
25    and approve or disapprove it prior to use. It shall be the
26    insurer's burden to actuarially justify any deviations from the
27    rates filed under paragraph (a). Each insurer or rating