Rhode Island General Laws 27-44-11. Rating organizations – Permitted activity
Any rating organization, in addition to other activities not prohibited, is authorized to:
(1) Develop statistical plans including territorial and class definitions;
(2) Collect statistical data from members, subscribers, or any other source;
(3) Prepare, distribute, and file rates and supplementary rate information;
(4) Distribute information that is filed with the director and open to public inspection;
(5) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
(6) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(7) Conduct research and collect statistics in order to discover, identify, and classify information relating to causes or prevention of losses;
(8) Prepare and file policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;
(9) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(10) Collect, compile, and distribute past and current prices of individual insurers if that information is made available to the general public; and
(11) Furnish any other services related to those enumerated in this section.
History of Section.
P.L. 1988, ch. 635, § 1.
Terms Used In Rhode Island General Laws 27-44-11
- Director: means the director of department of business regulation. See Rhode Island General Laws 27-44-2
- Rating organization: means any entity that either has two (2) or more member insurers or is controlled either directly or indirectly by two (2) or more insurers and that assists insurers in ratemaking. See Rhode Island General Laws 27-44-2
- Supplementary rate information: includes any manual or plan of rates, classification, rating schedule, minimum premium, policy fee, rating rule, and any other similar information needed to determine the applicable rate in effect or to be in effect. See Rhode Island General Laws 27-44-2