Utah § 31A-19a-408 Procedures for workers' compensation tiered rate filings.

Utah Statutes

§ 31A-19a-408 — Procedures for workers' compensation tiered rate filings.

Utah § 31A-19a-408

Title 31AInsurance Code

Ch. 31A-19aUtah Rate Regulation Act

Part 31A-19a-4Workers' Compensation Rates

This text of Utah § 31A-19a-408 (Procedures for workers' compensation tiered rate filings.) 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-408 (2026).

Text

(1)Notwithstanding Section 31A-19a-214 and subject to the other provisions of this section, a workers' compensation insurer may file with the commissioner a rate filing for workers' compensation insurance that provides for a plan with more than one rate tier for a single insurer or an insurer group with common ownership if the filing shows that:

(1)(a) each tier is established on underwriting rules that are based on criteria that would lead to a logical distinguishing of potential risk; and

(1)(b) supporting actuarial analysis or other information that shows a clear distinction between the following for each tier:

(1)(b)(i) expected losses and expenses; and

(1)(b)(ii) actual losses and expenses.

(2)A workers' compensation insurer shall file with the commissioner an update of the actuari

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(1) Notwithstanding Section 31A-19a-214 and subject to the other provisions of this section, a workers' compensation insurer may file with the commissioner a rate filing for workers' compensation insurance that provides for a plan with more than one rate tier for a single insurer or an insurer group with common ownership if the filing shows that:

(1)(a) each tier is established on underwriting rules that are based on criteria that would lead to a logical distinguishing of potential risk; and
(1)(b) supporting actuarial analysis or other information that shows a clear distinction between the following for each tier:
(1)(b)(i) expected losses and expenses; and
(1)(b)(ii) actual losses and expenses.
(2) A workers' compensation insurer shall file with the commissioner an update of the actuarial analysis or other information required under Subsection (1)(b) at least every three years.
(3) A workers' compensation insurer may apply underwriting expertise and judgment in the tier placement process, except that underwriting expertise and judgment shall:

(3)(a) be applied in a prudent manner; and
(3)(b) when applied, be fair, reasonable, and fully documented.