Casualty Insurance Rating
§ 27-9-52 Assessment for costs of rate
filings, review, and pricing.
The director of the department of business regulation may appoint actuaries and
any other required administrative personnel to assist the director in the
performance of his or her duties relating to the evaluation of rate filings,
reviews, and pricing procedures of insurers; the actuaries and other
administrative personnel shall serve under the direction of the director and
shall be removable at the director's pleasure. The director is authorized to
enter into contracts with consultants for the purpose of studying rate filings,
reviews, and pricing procedures of insurers. Insurance companies doing
insurance in this state shall be assessed according to a schedule of their
direct writings of insurance in this state to pay for the compensation of the
actuaries, consultants, and other administrative personnel retained hereunder.
This assessment shall comply with the provisions pursuant to chapter 37 of
History of Section.
(P.L. 1982, ch. 32, art. 5, § 2; P.L. 1989, ch. 126, art. 34, § 1;
P.L. 1999, ch. 31, art. 8, § 5; P.L. 1999, ch. 216, § 4; P.L. 1999,
ch. 384, § 4; P.L. 2005, ch. 174, § 4.)