Arizona § 20-384 Rating criteria

Arizona Statutes

§ 20-384 — Rating criteria

Arizona § 20-384

Title 20Arizona Revised Statutes

Ch. 2TRANSACTION OF INSURANCE BUSINESS

Art. 4.Open Competition Rates and Rating Organizations

This text of Arizona § 20-384 (Rating criteria) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-384 (2026).

Text

A.In setting rates, an insurer shall apply the criteria prescribed in this section.

B.An insurer shall give due consideration to past and prospective loss and expense experience within and outside this state, to catastrophe hazards, to a reasonable margin for underwriting profit and contingencies, to investment income from unearned premium and loss reserves, to trends within and outside this state, to reasonable dividends or savings to be allowed or returned by insurers to their policyholders, members or subscribers and to all other factors, including judgment factors.

C.Risks may be classified in any reasonable way for the establishment of rates and minimum premiums. Classifications shall not be based on race, color, creed or national origin. Rates produced may be modified for indivi

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A. In setting rates, an insurer shall apply the criteria prescribed in this section.

B. An insurer shall give due consideration to past and prospective loss and expense experience within and outside this state, to catastrophe hazards, to a reasonable margin for underwriting profit and contingencies, to investment income from unearned premium and loss reserves, to trends within and outside this state, to reasonable dividends or savings to be allowed or returned by insurers to their policyholders, members or subscribers and to all other factors, including judgment factors.

C. Risks may be classified in any reasonable way for the establishment of rates and minimum premiums. Classifications shall not be based on race, color, creed or national origin. Rates produced may be modified for individual risks in accordance with rating plans or schedules that establish reasonable standards for measuring probable variations in hazards or expenses, or both.

D. The expense provisions included in the rates to be used by an insurer may reflect the operating methods of the insurer and its own expense experience.

E. Rates and supplementary rate information established pursuant to this article shall not be based on or include loss and expense experience attributable to insurance coverage issued to an industrial insured pursuant to section 20-400.10.