Public-domain · open source
OpenJurist

Mo. Rev. Stat. § 379.890

Rates, rate plan or rate system filing, when — required actuarial data

Known as the The Casualty and Surety Rate Regulatory Law

The act spans §§ 379–379 (298 sections).

Effective: 28 Aug 2002; (L. 1987 H.B. 700 § 30, A.L. 2002 H.B. 1468)

Supporting actuarial data shall be filed in support of a commercial casualty insurance rate, rating plan, or rating system filing, whenever requested by the director to determine whether rates are excessive, inadequate or unfairly discriminatory. The data shall be in sufficient detail to:

(1) Justify any rate level changes; and

(2) Demonstrate the statistical significance of differences or correlations relevant to rating plan definitions and rate differentials.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.