Rate Manual Filing Requirements

DATE: March 30, 2001 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. When a rule and rate manual is being amended, insurers are required to file the proposed revisions, along with an explanatory memorandum. It will no longer be necessary to file a new, complete rule and rate manual with this office with each rule and rate amendment. This bulletin replaces the bulletin in this regard issued June 28, 2000. It is anticipated that a new regulation will be promulgated setting forth the procedures to be followed in making rate and form filings. Upon the effective date of such regulation, the effect of this bulletin will automatically expire. Questions on this matter can be directed to the Property and Casualty Division, Alabama Department of Insurance Department, 334-241-4174.