214:1 Rate Standards. Amend the introductory paragraph of RSA 412:15, IV to read as follows:

IV. For commercial risks, except for workers' compensation which is governed by RSA 412:34, the commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or rating bureau approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Insurers shall retain supporting documentation for such ratings. Such ratings shall be:

214:2 Rate Filings. Amend RSA 412:16, II to read as follows:

II. Every insurer shall file with the commissioner every manual, predictive model or telematics model or other model that pertains to the formulation of rates and/or premiums, minimum premium, class rate, rating schedule or rating plan and every other rating rule, and every modification of any of the foregoing which it proposes to use. Personal lines filings shall include underwriting rules used by insurers or a group of affiliated insurers to the extent necessary to determine the applicable rate and/or policy premium for an individual insured or applicant. An insurer may file its rates by either filing its final rates or by filing a multiplier and, if applicable, an expense constant adjustment to be applied to prospective loss costs that have been filed by an advisory organization on behalf of the insurer as permitted by RSA 412:23. Every such filing shall state the effective date, and shall indicate the character and extent of the coverage contemplated. Information contained in the underwriting rules that does not pertain to the formulation of rates and/or premiums shall be identified by the filer as proprietary and shall be kept confidential by the department and shall not be subject to the provisions of RSA 91-A.

214:3 Licensing Advisory Organizations and Statistical Agents. Amend RSA 412:20, III(e) to read as follows:

(e) Advisory organizations wishing to operate as statistical agents or organizations who hold a current license as a rating organization within this state may be so authorized under their license as an advisory organization. A separate license is not required.

214:4 Schedule Rating. Amend the introductory paragraph of RSA 412:34 to read as follows:

412:34 Schedule Rating. The commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or rating bureau approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Such ratings shall be:

214:5 Effective Date. This act shall take effect 60 days after its passage.

Approved: August 04, 2023

Effective Date: October 03, 2023

214:1 Rate Standards. Amend the introductory paragraph of RSA 412:15, IV to read as follows:

IV. For commercial risks, except for workers' compensation which is governed by RSA 412:34, the commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or advisory organization approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Insurers shall retain supporting documentation for such ratings. Such ratings shall be:

214:2 Rate Filings. Amend RSA 412:16, II to read as follows:

II. Every insurer shall file with the commissioner every manual, predictive model or telematics model or other model that pertains to the formulation of rates and/or premiums, minimum premium, class rate, rating schedule or rating plan and every other rating rule, and every modification of any of the foregoing which it proposes to use. Personal lines filings shall include underwriting rules used by insurers or a group of affiliated insurers to the extent necessary to determine the applicable rate and/or policy premium for an individual insured or applicant. An insurer may file its rates by either filing its final rates or by filing a multiplier and, if applicable, an expense constant adjustment to be applied to prospective loss costs that have been filed by an advisory organization on behalf of the insurer as permitted by RSA 412:23. Every such filing shall state the effective date, and shall indicate the character and extent of the coverage contemplated. Proprietary underwriting rules regarding eligibility and placement of risks, proprietary predictive models in support of proposed rates and/or rating factors, and any other proprietary commercial information that is not necessary for the calculation of a policy premium for an individual insured or applicant are confidential and shall not be subject to the provisions ofRSA 91-A. The insurer shall identify the information as confidential in its filing.

214:3 Licensing Advisory Organizations and Statistical Agents. Amend RSA 412:20, III(e) to read as follows:

(e) Advisory organizations wishing to operate as statistical agents within this state may be so authorized under their license as an advisory organization. A separate license is not required.

214:4 Schedule Rating. Amend the introductory paragraph of RSA 412:34 to read as follows:

412:34 Schedule Rating. The commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or advisory organization approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Such ratings shall be:

214:5 Effective Date. This act shall take effect 60 days after its passage.

Approved: August 04, 2023

Effective Date: October 03, 2023