| HOUSE AMENDMENT |
| Bill No. HB 15C |
|
|
|
|
|
1
|
CHAMBER ACTION |
|
2
|
|
|
3
|
. |
|
4
|
. |
|
5
|
. |
|
6
|
|
|
7
|
|
|
8
|
|
|
9
|
|
|
10
|
|
|
11
|
|
|
12
|
The Subcommittee on Rules offered the following: |
|
13
|
|
|
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 |