Indiana § 27-7-2-20 Adherence to approved rules, forms, plans, and systems; annual reports

Indiana Statutes

§ 27-7-2-20 — Adherence to approved rules, forms, plans, and systems; annual reports

Indiana § 27-7-2-20

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 2Worker's Compensation

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Bluebook

Ind. Code § 27-7-2-20 (2026).

Text

(a)Every company shall adhere to manual rules, policy forms, a statistical plan, a classification system, and experience rating plan filed by the bureau and approved by the commissioner.

(b)The commissioner shall designate the bureau to assist in gathering, compiling, and reporting relevant statistical information. Every company shall record and report its worker's compensation experience to the bureau according to the statistical plan approved by the commissioner. The report shall include any deviation from the filed recommended minimum premiums and rates, in total and by classification. The bureau shall annually submit data concerning these deviations to the department. Upon receipt, the department shall evaluate the data and prepare a report concerning the effect of competitive rating

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(a) Every company shall adhere to manual
rules, policy forms, a statistical plan, a classification system, and
experience rating plan filed by the bureau and approved by the
commissioner.
(b) The commissioner shall designate the bureau to assist in
gathering, compiling, and reporting relevant statistical information.
Every company shall record and report its worker's compensation
experience to the bureau according to the statistical plan approved by
the commissioner. The report shall include any deviation from the filed
recommended minimum premiums and rates, in total and by
classification. The bureau shall annually submit data concerning these
deviations to the department. Upon receipt, the department shall
evaluate the data and prepare a report concerning the effect of
competitive rating in Indiana. The department shall make the report
available not later than October 31 of each year.
(c) Every company shall adhere to the approved manual rules,
policy forms, statistical plan, classification system, and experience
rating plan in the recording and reporting of data to the bureau.
(d) Copies of all approved classifications, rules, and forms shall be
provided to the worker's compensation board.
Formerly: Acts 1935, c.323, s.20. As amended by P.L.28-1988,
SEC.95; P.L.249-1989, SEC.8; P.L.91-1998, SEC.8.