Montana § 33-16-1025 Interchange Of Rating Plan -- Data Exchange -- Cooperative Action In Ratemaking -- Violation Of Part

Montana Statutes

§ 33-16-1025 — Interchange Of Rating Plan -- Data Exchange -- Cooperative Action In Ratemaking -- Violation Of Part

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 16 RATES -- RATING AND ADVISORY ORGANIZATIONS·Part 10 Workers' Compensation Rates and Advisory Organizations

33-16-1025 . Interchange of rating plan -- data exchange -- cooperative action in ratemaking -- violation of part.

(1)Reasonable rules and plans may be adopted by the commissioner for the interchange of data necessary for the application of rating plans.

(2)To ensure conformity in administering rate regulatory laws, the commissioner, each insurer, and the advisory organization designated by the commissioner may exchange information and experience data with insurance regulatory officials, insurers, and advisory organizations in other states and may consult with them with respect to ratemaking and the application of rating systems.

(3)Cooperation among advisory organizations or among insurers and advisory organizations in ratemaking or in other matters within the scope of this part is aut

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33-16-1025 . Interchange of rating plan -- data exchange -- cooperative action in ratemaking -- violation of part. (1) Reasonable rules and plans may be adopted by the commissioner for the interchange of data necessary for the application of rating plans.
(2) To ensure conformity in administering rate regulatory laws, the commissioner, each insurer, and the advisory organization designated by the commissioner may exchange information and experience data with insurance regulatory officials, insurers, and advisory organizations in other states and may consult with them with respect to ratemaking and the application of rating systems.
(3) Cooperation among advisory organizations or among insurers and advisory organizations in ratemaking or in other matters within the scope of this part is authorized, but the filings resulting from the cooperation are subject to all provisions of this part.
(4) The commissioner may review the cooperative activities and practices. If, after hearing, any cooperative activity or practice is found to violate the provisions of this part, a written order may be issued specifying that the activity or practice violates the provision of this part and requiring the discontinuance of the activity or practice.

Montana § 33-16-1025 (Interchange Of Rating Plan -- Data Exchange -- Cooperative Action In Ratemaking -- Violation Of Part) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.