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Rhode Island General Laws 27-9-8.1. Advisory organization -- Permitted activity

Rhode Island General Laws > Title 27 > Chapter 27-9 > § 27-9-8.1 - Advisory organization -- Permitted activity


Current as of: 2009

Any advisory organization, in addition to other activities not prohibited, is authorized, on behalf of its members and subscribers, to:

   (1) Develop statistical plans including territorial and class definitions;

   (2) Collect statistical data from members, subscribers, or any other source;

   (3) Prepare and distribute prospective loss costs which may include provisions for special assessments;

   (4) Prepare and distribute factors, calculations, or formulas pertaining to classification, territory, increased limits, and other variables;

   (5) Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions, or minimum premiums;

   (6) Distribute information that is required or directed to be filed with the director;

   (7) Conduct research and collect statistics in order to discover, identify, and classify information relating to causes or prevention of losses;

   (8) Conduct research and collect information to determine the impact of statutory changes upon prospective loss costs and special assessments;

   (9) Prepare policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;

   (10) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

   (11) Conduct on-site inspections to determine rating classifications for individual insured;

   (12) Establish a committee that may include insurance company representatives to review the determination of the rating classification for individual insured and suggest modifications to the classification system;

   (13) Collect, compile, and distribute past and current prices of individual insurers and publish that information;

   (14) Collect and compile exposure and loss experience for the purpose of individual risk experience ratings; and

   (15) Furnish any other services, as approved by the director, related to those services enumerated in this section.

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Rhode Island Laws: Insurance on Property

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Federal Regulations: Insurance on Property

CFR > Title 12 > Chapter III > Part 339 - Loans in areas having special flood hazards
CFR > Title 12 > Chapter V > Part 572 - Loans in areas having special flood hazards
CFR > Title 12 > Chapter VII > Part 760 - Loans in areas having special flood hazards
CFR > Title 12 > Chapter XVII > Part 1773 - Flood insurance
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