§ 27-9-43 - Assigned risk agreements – Modification of rates. - Rhode Island Statutes

SECTION 27-9-43

   § 27-9-43  Assigned risk agreements –Modification of rates. – (a) Agreements may be made among insurers with respect to the equitableapportionment among them of insurance which may be afforded applicants who arein good faith entitled to but who are unable to procure insurance throughordinary methods, and insurers may agree among themselves on the use ofreasonable rate modifications for that insurance, those agreements and ratemodifications to be subject to the approval of the commissioner.

   (b) All of the manuals of classifications, rules and rates,rating plans, and rating systems, and every modification of these, to be usedby insurers pursuant to assigned risk agreements shall be filed with thecommissioner pursuant to § 27-9-8 and shall be used by all insurerswriting workers' compensation and employers' liability insurance in this state,notwithstanding any provision of § 27-9-8 to the contrary.