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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 365:15-7-11. Members of or subscribers to a licensed advisory organization
Latest version.
- (a) Filings. A licensed advisory organization may make filings on behalf of its members and subscribers except deviation filings.(b) Adherence to filings. Every member of or subscriber to a licensed advisory organization may adhere to the filings made on its behalf by such organization except that any such member or subscriber may deviate from such filings upon compliance with the rules of this Chapter and review of the Insurance Commissioner where required by the Insurance Code.(c) Individual company filings. Members and subscribers shall not file individual manuals that have been filed on their behalf by the appropriate advisory organization.(d) Filing requirements; Rate and loss cost deviations. When rate or loss cost deviations are proposed, the filing memorandum shall indicate the applicable advisory organization filing, the Oklahoma Filing Number and state the percentage (%) of deviation, as well as the subject matter the deviation applies to by manual name and page number, with supporting data in accordance with the rules of this Chapter. Copies of all such information shall be furnished to the appropriate advisory organization.