§ 23-67-216 — Advisory organizations - Permitted activities

Any advisory organization, in addition to other activities permitted, is authorized 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 pure premium data, adjusted for loss development and loss trending, in accordance with its statistical plans; (4) Prepare, distribute, and file rates and supplementary rate information except as prohibited by § 23-67-215(b) . Those filings made by advisory organizations shall be for advisory purposes only and shall not be made on behalf of any insurer; (5) Distribute information that is filed with the Insurance Commissioner and open to public inspection; (6) Conduct research and on-site inspections in order to prepare classifications of public fire defenses; (7) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others; (8) Conduct research and collect statistics in order to discover, identify, and classify information relating to cause or prevention of losses; (9) Prepare and file 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) Collect, compile, and distribute past and current prices of individual insurers if that information is made available to the general public; (12) File rates, supplementary rate information, and supporting information for residual market mechanisms; and (13) Furnish any other services not prohibited by this chapter.

Legislative History

Acts 1987, No. 959, § 13.