44-7522. Advisory organizations; authorized activities.
An advisory organization may, for the lines of insurance for which it has been licensed:
(1) Engage in those activities enumerated in section 44-7521;
(2) Prepare, file, and distribute prospective loss costs;
(3) Prepare, file, and distribute manuals of rating rules, rating schedules, experience rating plans and other supplementary rating information that do not include final rates, expense provisions, profit provisions, or minimum premiums;
(4) Prepare and distribute experience rating plan modifiers for individual policyholders;
(5) Prepare, file, and distribute factors, calculations, or formulas pertaining to classification, territory, and other variables;
(6) Prepare, file, and distribute increased limits factors, which may include an incremental profit load, also called a risk load;
(7) Conduct research and inspections in order to prepare classifications of public fire defenses or to evaluate the effectiveness of building codes and their enforcement;
(8) Conduct inspections to determine rating classifications for individual insureds;
(9) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(10) Conduct research in order to discover, identify, and classify information relating to causes or prevention of losses;
(11) Prepare, file, and distribute policy forms and gather information from members, subscribers, and others relative to the application and interpretation of the policy forms;
(12) Conduct research and inspections for the purpose of providing risk information relating to individual structures;
(13) If instructed by the director, file rates instead of prospective loss costs for assigned risk or other residual market mechanisms;
(14) Conduct research to determine the impact of statutory changes upon prospective loss costs;
(15) Undertake educational activities on the use of policy forms, analysis of losses, loss trends, loss reserves, expenses, and other policy form and ratemaking topics;
(16) For workers' compensation insurance, establish a committee that may include insurance company representatives to review the application of the classification system for individual insureds and to suggest modifications to the classification system;
(17) Distribute any other information that is filed with the director; and
(18) Furnish any other services approved or directed by the director related to the services enumerated in this section.
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