North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 16 - ACTUARIAL SERVICES DIVISION
Section .0200 - INDIVIDUAL ACCIDENT AND HEALTH INSURANCE
Section 16 .0206 - CLASS DEFINITION RESTRICTION

Universal Citation: 11 NC Admin Code 16 .0206
Current through Register Vol. 39, No. 6, September 16, 2024

With respect to individual accident and health insurance policies for which the adjustment of premium rates is allowed by law, the insurer shall not establish, for rate revision purposes, a class within a policy form or group of policy forms so as to eliminate the possibility of new entrants into the class. This Rule shall not preclude actuarially justified apportionments of aggregate rate revisions on either open or closed blocks of business between classes established at the time the policy form or group of policy forms were approved by the Commissioner.

Authority G.S. 58-2-40(1); 58-51-95; 58-63-15(7)b;
Eff. June 1, 1992;
Readopted Eff. October 1, 2018.

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