Utah § 31A-19a-214 Rating tiers.

Utah Statutes

§ 31A-19a-214 — Rating tiers.

Utah § 31A-19a-214

Title 31AInsurance Code

Ch. 31A-19aUtah Rate Regulation Act

Part 31A-19a-2General Rate Regulation

This text of Utah § 31A-19a-214 (Rating tiers.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-19a-214 (2026).

Text

(1)An insurer may file with the commissioner a rate filing that provides for a program with more than one rate level in the same company or group of companies if:

(1)(a) the program is based, to the extent feasible, upon mutually exclusive underwriting rules per tier;

(1)(b) the underwriting rules are based on clear, objective criteria that would lead to a logical distinguishing of potential risk; and

(1)(c) in filing to establish tiers, the insurer provides supporting information that evidences a clear distinction between the expected losses and expenses for each tier.

(2)A rating tier may not be continued if premium, loss, and expense data fail to show a continued clear distinction between the tiers.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) An insurer may file with the commissioner a rate filing that provides for a program with more than one rate level in the same company or group of companies if:

(1)(a) the program is based, to the extent feasible, upon mutually exclusive underwriting rules per tier;
(1)(b) the underwriting rules are based on clear, objective criteria that would lead to a logical distinguishing of potential risk; and
(1)(c) in filing to establish tiers, the insurer provides supporting information that evidences a clear distinction between the expected losses and expenses for each tier.
(2) A rating tier may not be continued if premium, loss, and expense data fail to show a continued clear distinction between the tiers.