§ 27-6-41. Collection and compilation of experience statistics.
The commissioner shall promulgate reasonable rules and statistical plans, reasonably
adapted to each of the rating systems on file with the commissioner, which may be
modified and which shall be used by each insurer in the recording and reporting of
its loss and countrywide expense experience, in order that the experience of all insurers
may be made available at least annually in the form and detail necessary to aid the
commissioner in determining whether rating systems comply with the standards set forth
in §§ 27-6-4 — 27-6-7. Those rules and plans may also provide for the recording an
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§ 27-6-41. Collection and compilation of experience statistics.
The commissioner shall promulgate reasonable rules and statistical plans, reasonably
adapted to each of the rating systems on file with the commissioner, which may be
modified and which shall be used by each insurer in the recording and reporting of
its loss and countrywide expense experience, in order that the experience of all insurers
may be made available at least annually in the form and detail necessary to aid the
commissioner in determining whether rating systems comply with the standards set forth
in §§ 27-6-4 — 27-6-7. Those rules and plans may also provide for the recording and reporting of expense
experience items that are specially applicable to this state and are not susceptible
of determination by a prorating of countrywide expense experience. In promulgating
those rules and plans, the commissioner shall give due consideration to the rating
systems on file with the commissioner and, in order that those rules and plans may
be as uniform as is practicable among the several states, to the rules and to the
form of the plans used for the rating systems in other states. No insurer shall be
required to record or report its loss experience on a classification basis that is
inconsistent with the rating system filed by it. The commissioner may designate one
or more rating organizations or other agencies to assist the commissioner in gathering
that experience and making compilations of the experience, and those compilations
shall be made available, subject to reasonable rules promulgated by the commissioner,
to insurers and rating organizations.