Indiana § 27-7-2-3.1 Duties of bureau

Indiana Statutes

§ 27-7-2-3.1 — Duties of bureau

Indiana § 27-7-2-3.1

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 2Worker's Compensation

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Bluebook

Ind. Code § 27-7-2-3.1 (2026).

Text

1. The bureau, in addition to other activities not prohibited, is authorized to do the following:

(1)Develop a statistical plan including class definitions.

(2)Collect statistical data from members, subscribers or any other source.

(3)Prepare and distribute rate data, adjusted for loss development and loss trending, in accordance with its statistical plan. Such data and adjustments shall be in sufficient detail so as to permit companies to modify such rates or minimum premiums based on their own rating methods or interpretations of underlying data.

(4)Prepare and distribute manuals of rating rules and rating schedules.

(5)Distribute information that is filed with the commissioner and open to public inspection.

(6)Conduct research and collect statistics in order to discover, identify,

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1. The bureau, in addition to other activities not
prohibited, is authorized to do the following:
(1) Develop a statistical plan including class definitions.
(2) Collect statistical data from members, subscribers or any other
source.
(3) Prepare and distribute rate data, adjusted for loss development
and loss trending, in accordance with its statistical plan. Such data
and adjustments shall be in sufficient detail so as to permit
companies to modify such rates or minimum premiums based on
their own rating methods or interpretations of underlying data.
(4) Prepare and distribute manuals of rating rules and rating
schedules.
(5) Distribute information that is filed with the commissioner and
open to public inspection.
(6) Conduct research and collect statistics in order to discover,
identify, and classify information relating to cause or prevention
of losses.
(7) Prepare and file policy forms and endorsements and consult
with members, subscribers, and others relative to their use and
application.
(8) Collect, compile, and distribute past and current prices of
individual companies if such information is made available to the
general public.
(9) Conduct research and collect information to determine the
impact of benefit level changes on rates.
(10) Prepare and distribute rules and rating values for the
experience rating plan. Calculate and disseminate individual risk
premium modification.
(11) Assist an individual company to develop minimum
premiums, rates, supplementary rate information, or supporting
information when so authorized by the individual company.