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Rule 20:06:22:04 Filings of rate revisions.

          20:06:22:04.  Filings of rate revisions. In addition to the requirements in § 20:06:22:05, filings of rate revisions for a previously approved policy form shall include the following:

 

          (1)  A statement of the scope and reason for the revision, and an estimate of the expected average effect on premiums, including the original anticipated loss ratio for the form;

 

          (2)  A statement of whether the filing applies only to new business, only to in-force business, or both, and the reason; and

 

          (3)  A history of the experience under existing rates.

 

          Source: 16 SDR 208, effective June 3, 1990; 39 SDR 219, effective June 26, 2013.

          General Authority: SDCL 58-17-87(5), 58-18B-18.

          Law Implemented: SDCL 58-11-76, 58-17-4.1, 58-17-4.2, 58-18B-3.1.

 


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