Rate Manual Filing Requirements

DATE: June 28, 2000 RE: Rate Manual Filing Requirements In accordance with the authority set forth in Chapter 13 of Title 27, Code of Alabama 1975, property, casualty and surety insurers are required to file with this department a copy of any and all insurance rules and rate manuals, etc., prior to using them in this state. These filings are deemed approved as filed if not disapproved by this Department within thirty (30) days of our receipt of the filing. Henceforth, when a rule and rate manual is being amended, insurers are required to file the proposed revisions, along with an explanatory memorandum. After the revisions have been approved, insurers shall then file a new, complete rule and rate manual with this office. Even when the revision or revisions are to a small portion of the manual, we expect a new rule and rate manual which completely supercedes the previously approved manual.