Advisory organizations — Permitted activities

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Any advisory organization, in addition to other activities permitted, is authorized to:

  1. (1) Develop statistical plans, including territorial and class definitions;

  2. (2) Collect statistical data from members, subscribers, or any other source;

  3. (3) Prepare and distribute pure premium data, adjusted for loss development and loss trending, in accordance with its statistical plans;

  4. (4) Prepare, distribute, and file rates and supplementary rate information except as prohibited by § 23-67-215(b). Those filings made by advisory organizations shall be for advisory purposes only and shall not be made on behalf of any insurer;

  5. (5) Distribute information that is filed with the Insurance Commissioner and open to public inspection;

  6. (6) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

  7. (7) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;

  8. (8) Conduct research and collect statistics in order to discover, identify, and classify information relating to cause or prevention of losses;

  9. (9) Prepare and file policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;

  10. (10) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

  11. (11) Collect, compile, and distribute past and current prices of individual insurers if that information is made available to the general public;

  12. (12) File rates, supplementary rate information, and supporting information for residual market mechanisms; and

  13. (13) Furnish any other services not prohibited by this chapter.


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