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What is the regulatory system for county mutual insurers for personal automobile rate filings before December 1, 2004?

April 26, 2017automobile County december 1 2004 filings insurers rate regulatory system

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What is the regulatory system for county mutual insurers for personal automobile rate filings before December 1, 2004?

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A. County mutuals’ rates are subject to certain rate standards, i.e. rates may not be unreasonable, unfairly discriminatory, excessive, or inadequate for the risks to which they apply. In addition to the schedule of charges that current law requires county mutuals to file with the Department, SB 14 also mandates that county mutuals provide TDI their premium, expense and loss data. Department staff is currently working on rules for this requirement with a target date of proposing rules sometime in August 2003.