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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 365. Insurance Department |
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Chapter 15. Property and Casualty |
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Subchapter 7. Property and Casualty Competitive Loss Cost Rating Regulation |
SECTION 365:15-7-10. Reference filings
Latest version.
- (1) Filings permitted without reference filing agreements. Advisory Organization Manuals and material used in whole or in part may be adopted by members of or subscribers to a licensed advisory organization by "Reference Filings" subject to the review of the Insurance Commissioner. When making a reference filing, a filing memorandum shall be submitted, identifying the manuals or rules used and the Oklahoma Filing Number. Rate departures and rule exceptions, if any, shall be accompanied by the necessary supporting data. Such adoption shall apply only to current filings and shall have no automatic effect as to future filings. Each advisory organization filing shall be separately and specifically adopted.(2) Filings permitted with reference filing agreement. Approved Advisory Organization manuals and material may be adopted by members of or subscribers to a licensed advisory organization by filing a "Reference Filing Agreement" with the Insurance Commissioner identifying the manuals and material to be used and the Oklahoma Filing Number. Such adoption shall apply from the date it is filed with the Insurance Commissioner to filings in effect on that date and to all applicable future filings. The reference filing agreement shall remain in effect until such time as the agreement is withdrawn as a filing with the Insurance Commissioner.(3) Manuals shall not be filed if filngs are made by "Reference Filing."(b) Other than Advisory Organization filings; initial program. An insurer may adopt another insurer's filing by filing rates and rules on the filing insurer's format, and by advising the Insurance Commissioner of the name(s) of the insurer whose program was being copied, the Oklahoma Filing Number and the date(s) the program was filed for that insurer. Unless an exception is granted by the Insurance Commissioner, this procedure applies only to the initial filing of the program for the "adopting" insurer and is subject to the review of the Insurance Commissioner.