Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 500 - Property and Casualty
Chapter 9 - Underwriting Rules
Section 20 CSR 500-9.100 - Required Filing of Underwriting Rules
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This rule states that any rule used by an insurer for underwriting purposes must be filed with the Department of Insurance. This rule aids in the interpretation of sections 379.321 and 379.475, RSMo.
(1) An underwriting rule as that term is used in section 379.321, RSMo is any "underwriting guideline" as described in this regulation.
(2)
(3) This regulation is applicable only to the following types of insurance coverages:
(4) The underwriting guidelines and modifications thereof filed pursuant to this regulation shall be deemed records which are open to the inspection of the public in accordance with sections 374.070 and 610.011, RSMo. Any insurance company claiming that such underwriting guidelines are trade secrets or proprietary information shall comply with the procedures as set forth in 20 CSR 10-2.400(3)(L).
(5) Any insurer which withholds information or files false or misleading information regarding its underwriting guidelines, or any insurer which fails to file or fails to timely file its underwriting guidelines, shall be subject to those penalties provided in sections 379.361 and 379.485, RSMo, in addition to other penalties provided by law.
(6) In addition to the requirements contained in this rule, all insurers subject to the requirements of section 379.321, RSMo should continue to file rule and rate manuals with the department.
*Original authority: 374.045, RSMo 1967, amended 1993 and 379.321, RSMo 1972.