§ 27-9-8.1 - Advisory organization – Permitted activity. - Rhode Island Statutes

SECTION 27-9-8.1

   § 27-9-8.1  Advisory organization –Permitted activity. – Any advisory organization, in addition to other activities not prohibited, isauthorized, on behalf of its members and subscribers, to:

   (1) Develop statistical plans including territorial and classdefinitions;

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

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

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

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

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

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

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

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

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

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

   (12) Establish a committee that may include insurance companyrepresentatives to review the determination of the rating classification forindividual insured and suggest modifications to the classification system;

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

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

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