eLaws | eCases | State of Alaska | Counties & Cities of Alaska |
 Alaska Administrative Code (Last Updated: January 12, 2017)
 Title 3. Commerce, Community, and Economic Development.
 Part 3.1. Banking, Securities, Small Loans and Corporations.
 Chapter 3.31. Miscellaneous.
 Article 3.31.2. Filing Procedure for Forms, Rates, Manuals, Rating Plans, and Rules.

  Section 3.31.225. Property, casualty, surety, marine, mortgage guaranty, and title insurance transmittal document.  

Latest version. 
  • 	(a)  The transmittal document or transmittal document information in the case of filings submitted using an electronic filing system approved by the director under AS 21.96.080 required under 3 AAC 31.210(a) must include   
		(1) the name of the rating organization, if the filing is made by a rating organization;  
		(2) the National Association of Insurance Commissioners' group and company numbers and, if the filing is not made by a rating organization, the name of the company making the filing;  
		(3) the name of the  person to contact regarding the filing;  
		(4) a brief description of the purpose of the filing and any changes that the filing will introduce;  
		(5) the date the filing is made;  
		(6) whether the filing is a rate, rule, or form filing;  
		(7) the type of insurance to which the filing applies;  
		(8) the specific product to which the filing applies;  
		(9) the insurer's identification number for the filing, if any;  
		(10) a statement of whether the filing is a replacement for a previous filing and, if so and if available, the division's identification number for previous filing;  
		(11) the requested effective date;  
		(12) the insurer's identification number of any corresponding or substantially similar filings;  
		(13) if the filing references a rating organization filing, the rating organization's name, the rating organization's identification number, and the division's identification number of the referenced filing; and  
		(14) if the filing is submitted for information purposes under 3 AAC 29.500 - 3 AAC 29.550, a statement to that effect.  
	(b)  If the filing is a form filing, in addition to the requirements of (a) of this section, the transmittal document must include  
		(1) the form number, edition date, and name of each form;  
		(2) whether the filing is submitted for consideration subject to prior approval under AS 21.42.123 or to file and use under AS 21.42.125; and  
		(3) whether a similar filing has been made in the insurer's state of domicile and the status of the filing in that state.  
	(c)  If the filing is a rate or rule filing, in addition to the requirements of (a) of this section, the transmittal document must include  
		(1) whether the filing is submitted for consideration subject to prior approval under AS 21.39.041, to flex-rating under AS 21.39.210, or to file and use under AS 21.39.220;  
		(2) the overall effect of the rate level change requested in the filing, if applicable; and  
		(3) if the filing is submitted for flex-rating under AS 21.39.210,  
			(A) the cumulative rate change of all the rate filings that were approved and became effective or will become effective within the 12 months immediately preceding the proposed effective date, listed individually for each company to which the filing applies; and  
			(B) a statement that each one of the following is included with the filing:  
				(i) an exhibit detailing the past rate changes and the calculation of the cumulative rate level change required in (A) of this paragraph, including the division's identification numbers for those approved or authorized filings;  
				(ii) the maximum and minimum rate changes an individual policyholder may receive;  
				(iii) an exhibit detailing the company's expense provisions, including an explanation of how investment income was considered.  
	(d)  Responses to the director's questions on a filing submitted by electronic mail must include  
		(1) the name of the rating organization, if the response is made by a rating organization;  
		(2) the National Association of Insurance Commissioners' group and company numbers and, if the filing is not made by a rating organization, the name of the  company making the filing;  
		(3) the name of the person to contact regarding the response;  
		(4) a description of the changes proposed in the response;  
		(5) the date the response is made;  
		(6) whether the filing is a rate, rule, or form filing;  
		(7) the type of insurance to which the filing applies;  
		(8) the specific product to which the filing applies;  
		(9) the insurer's identification number for the filing, if any;  
		(10) the division's identification number assigned to the filing;  
		(11) the requested effective date; and  
		(12) if the filing is submitted for information purposes under 3 AAC 29.500 - 3 AAC 29.550, a statement to that effect.  
	(e)  Responses to the director's questions on an electronic filing must include a description of the  changes proposed in the response and the requested effective date.  
	(f)  If the filing is a form filing, the insurer's response to the director's questions must also state whether there have been changes to the list of forms since the initial submission of the filing and, if so, the insurer must include  
		(1) the revised form number;  
		(2) the edition date; and  
		(3) the name of each form.  
	(g)  If the filing is a rate or rule filing, the insurer's response to the director's questions must also identify any changes to the filing since the initial submission and include the revised overall effect of the  rate level change requested in the filing, if applicable.

Authorities

21.06.090;21.39.040;21.39.041;21.39.210;21.39.220;21.42.120;21.42.123;21.42.125;21.66.370;21.66.450;21.96.080

Notes