| SB 0956 | Makes various technical changes to the law regarding casualty insurance |
| Sponsor: | Loudon | |||
| LR Number: | 3046S.01I | Fiscal Note: | 3046-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 01/31/02 - SCS Voted Do Pass S Insurance & Housing | Journal page: | ||
| Committee (3046S.02C) | ||||
| Title: | SCS SB 956 | |||
| Effective Date: | August 28, 2002 | |||
SCS/SB 956 - This act exempts insurers from filing rating plans with regard to inland marine risks which by regulation or general custom are not written according to manual rates or rating plans.
This act deletes Section 379.362 from the law which exempted commercial property insurance and commercial casualty insurance policies from certain provisions of the law which concern regulation by the department of policy language, policy provisions or the format of such policies, or the rates associated with such policies.
This act requires supporting actuarial data accompany every
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.
STEPHEN WITTE