KANSAS INSURANCE DEPARTMENT
Proposed Regulation K.A.R. 40-3-47
K.A.R. 40-3-47.
Fire and casualty insurance; rating organizations; filing of final
rates prohibited; kinds of insurance affected. (a) On and after the respective dates
specified herein, Each rating organizations organization shall
develop and file only prospective loss costs for the following kinds of
insurance, coverages or and coverage situations identified or
described in paragraphs (1) through (6) of this subsection.:
(1) July 1,
1991, multiple line, indivisible premium residential policies and endorsement
forms comprising what is commonly identified as the homeowners policy program.
(2) June
1, 1991, automobile insurance on privately owned or leased private passenger
automobiles and other motor vehicles provided under what is commonly known as a
personal automobile policy.
(3) June
1, 1991, multiple line, indivisible premium commercial policies comprising what
is commonly identified as the business owners program.
(4) March
1, 1993, All other fire, marine and inland marine insurance and
allied lines of business insurance to which K.S.A. 40-925 et seq.
applies specified in K.S.A. 40-901 and amendments thereto, except
rates, rules, and forms filed by the following rating organizations:
(A) Factory
mutual service bureau;
(B) midwest
rating and service bureau, inc.; and
(C) mill
and elevator rating bureau; and
(D) national crop insurance services, inc.
(5) (2) March 1, 1993, all other
casualty insurance, including fidelity, surety and guarantee bonds to which
K.S.A. 40-1111 et seq. applies, except rates, rules and forms filed by the
national council on compensation insurance lines of business specified
in K.S.A. 40-1102, and amendments thereto.
(6) July
1, 1994, rates, rules and forms filed by the national council on compensation
insurance.
(b)
With respect to For the filing of prospective
loss costs and supplementary rating information by rating organizations
and insurers respectively, the procedures referenced in K.A.R.
40-3-46(b) shall apply any insurer may satisfy its obligation by performing the
following:
(1)
Referencing the prospective loss costs filed by a licensed
rating organization; and
(2) completing and filing the information required by the and K.S.A. 1992 Supp.
40-928a and 40-1113c 40-961(d); implementing K.S.A. 1992 Supp.
40-928a and 40-1113c 40-955; effective May 6, 1991; amended Feb. 8,
1993; amended March 28, 1994; amended P- _______________________.)