§ 27-9-8.1. Advisory organization - Permitted activity. Any advisory organization, in addition to other activities not prohibited, is authorized, on behalf of its members and subscribers, to:
(1) Develop statistical plans including territorial and class definitions;
(2) Collect statistical data from members, subscribers, or any other source;
(3) Prepare and distribute prospective loss costs which may include provisions for special assessments;
(4) Prepare and distribute factors, calculations, or formulas pertaining to classification, territory, increased limits, and other variables;
(5) Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions, or minimum premiums;
(6) Distribute information that is required or directed to be filed with the director;
(7) Conduct research and collect statistics in order to discover, identify, and classify information relating to causes or prevention of losses;
(8) Conduct research and collect information to determine the impact of statutory changes upon prospective loss costs and special assessments;
(9) Prepare policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;
(10) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(11) Conduct on-site inspections to determine rating classifications for individual insured;
(12) Establish a committee that may include insurance company representatives to review the determination of the rating classification for individual insured and suggest modifications to the classification system;
(13) Collect, compile, and distribute past and current prices of individual insurers and publish that information;
(14) Collect and compile exposure and loss experience for the purpose of individual risk experience ratings; and
(15) Furnish any other services, as approved by the director, related to those services enumerated in this section.
History of Section. (P.L. 1998, ch. 148, § 5.)
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