24-A §2321-D. Advisory organizations; permitted activity - Maine Statutes

Title 24-A: MAINE INSURANCE CODE

Chapter 25: RATES AND RATING ORGANIZATIONS

Subchapter 1: GENERAL PROVISIONS

§2321-D. Advisory organizations; permitted activity

An advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to: [1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW).]

1. Develop statistical plans including territorial and class definitions;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

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

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

3. Prepare and distribute prospective loss costs;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

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

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

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

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

6. Distribute information that is required or directed to be filed with the superintendent;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

7. Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

8. Consult with public officials regarding public fire protection as it would affect members, subscribers and others;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

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

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

10. Prepare policy forms and endorsements and consult with members, subscribers and others relative to their use and application;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

11. Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

12. Collect, compile and distribute past and current prices of individual insurers, and publish such information;

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

13. File final rates, at the direction of the superintendent, for residual market mechanisms; and

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

14. Furnish any other services, as approved or directed by the superintendent, related to those enumerated in this section.

[ 1989, c. 797, §§37, 38 (AFF); 1989, c. 797, §23 (NEW) .]

SECTION HISTORY

1989, c. 797, §§23,37,38 (NEW).