Rating Modification on Individual Commercial Risks

Rating Modification on Individual Commercial Risks. Insurers are still allowed to follow established procedures allowing for a debit or credit to be recognized regarding the special characteristics of an individual commercial risk which may not fully be reflected in the basic company premium or rates. Filings of this nature are distinct from filings made under the Flexible Rating System as set forth in this Regulation, as Flexible Rating System filings are applicable to all policies within the subject line of insurance, whereas the rating modification referenced within this section is applicable only to an individual risk.