New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 1400 - AUTOMOBILE INSURANCE
Part Ins 1404 - VOLUNTARY MARKET REGULATION PERTAINING TO RATES, RATING PLANS AND PRACTICES
Section Ins 1404.01 - Rating and Rating Plans
Current through Register No. 12, March 21, 2024
(a) Insurers shall establish a system of base rates, risk classifications and accompanying factors, other modifications and factors which can reflect individual characteristics of the insured and coverage choices, and underwriting or tiering rules by which individuals are placed in affiliated companies, marketing tiers, or programs.
(b) The entire rating plan and accompanying rates and factors shall be justified actuarially and filed with the commissioner. If the insurer is relying upon a credit report or insurance scoring system or model as defined in Ins 3300 to underwrite or rate any applicant or person inquiring about insurance, or re-underwrite or re-rate any existing class or subclass of insureds, the insurer shall, before its use on any consumer risk, file the credit scoring system with the commissioner pursuant to all rules stated in Ins 3300.
(c) A rating plan shall consist of any or all of the following:
#1900, eff 1-1-82; ss by #4287, eff 7-1-87; ss by #5650, eff 7-1-93; ss by #7030, INTERIM, eff 7-1-99, EXPIRED: 10-29-99
New. #7185, eff 12-28-99; ss by #8032, eff 7-1-04; amd by #8241, eff 1-3-05; ss by #10153, eff 7-1-12