§ 24-A §2321-D — Advisory organizations; permitted activity

An advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers 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 prospective loss costs;
4.
Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;
5.
Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions or minimum premiums;
6.
Distribute information that is required or directed to be filed with the superintendent;
7.
Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
8.
Consult with public officials regarding public fire protection as it would affect members, subscribers and others;
9.
Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;
10.
Prepare policy forms and endorsements and consult with members, subscribers and others relative to their use and application;
11.
Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
12.
Collect, compile and distribute past and current prices of individual insurers, and publish such information;
13.
File final rates, at the direction of the superintendent, for residual market mechanisms; and
14.
Furnish any other services, as approved or directed by the superintendent, related to those enumerated in this section.

Legislative History

PL 1989, c. 797, §§23,37,38 (NEW).