Indiana § 27-1-22-13 Advisory organization; filing and regulation; orders of commissioner

Indiana Statutes

§ 27-1-22-13 — Advisory organization; filing and regulation; orders of commissioner

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 22 Regulation of Insurance Rates

(a)Every group, association, or other organization of insurers, whether located within or outside this state, which assists insurers which make their own filings or rating organizations in ratemaking, by the collection and furnishing of loss or expense statistics, or by the submission of recommendations, but which does not make filings under this chapter, shall be known as an advisory organization.

(b)Every advisory organization shall file with the commissioner:

(1)a copy of its constitution, its articles of agreement or association, or its certificate of incorporation and of its bylaws, rules, and regulations governing its activities;

(2)a list of its members;

(3)the name and address of a resident of this state upon whom notices or orders of the commissioner or process issued at his

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(a) Every group, association, or other
organization of insurers, whether located within or outside this state,
which assists insurers which make their own filings or rating
organizations in ratemaking, by the collection and furnishing of loss or
expense statistics, or by the submission of recommendations, but which
does not make filings under this chapter, shall be known as an advisory
organization.
(b) Every advisory organization shall file with the commissioner:
(1) a copy of its constitution, its articles of agreement or
association, or its certificate of incorporation and of its bylaws,
rules, and regulations governing its activities;
(2) a list of its members;
(3) the name and address of a resident of this state upon whom
notices or orders of the commissioner or process issued at his
direction may be served; and
(4) an agreement that the commissioner may examine such
advisory organization in accordance with the provisions of section
15 of this chapter.
(c) If, after a hearing, the commissioner finds that the furnishing of
such information or assistance involves any act or practice which is
unfair or unreasonable or otherwise inconsistent with the provisions of
this chapter, he may issue a written order specifying in what respect
such act or practice is unfair or unreasonable or otherwise inconsistent
with the provisions of this chapter, and requiring the discontinuance of
such act or practice.
(d) No insurer which makes its own filings nor any rating
organization shall support its findings by statistics or adopt ratemaking
recommendations furnished to it by an advisory organization which has
not complied with this section or with an order of the commissioner
involving such statistics or recommendations issued under subsection
(c). If the commissioner finds such insurer or rating organization to be
in violation of this subsection, he may issue an order requiring the
discontinuance of the violation.
Formerly: Acts 1967, c.133, s.13. As amended by P.L.252-1985,
SEC.116.

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