§27-9-52  Assessment for costs of rate filings, review, and pricing. –


Published: 2015

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TITLE 27

Insurance

CHAPTER 27-9

Casualty Insurance Rating

SECTION 27-9-52



   § 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

title 28.



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.)