A state which does not require insurance companies to receive approval for a deviated rate, provided that the rate does not alter a preexisting rate by a significant margin and that the rate does not create a new classification. The rate does not have to be filed with the state insurance board.
Related information about modified prior approval state:
- What is modified prior approval state? definition and meaning
Definition of modified prior approval state: A state which does not require insurance companies to receive approval for a deviated rate, provided that the rate ...
- What is file-and-use state? definition and meaning
Related Terms. rating bureau · modified prior approval state. Browse by Letter: # ABCDEFGHIJKLMNOPQRSTUVWXYZ. Resources. Browse by subject · Tips ...
- modified prior approval state - Louisiana Department of Insurance
Louisiana is a modified prior approval state. Rates and rules must be on file with the LDI at least forty-five (45) days prior to implementation. A proposed rate ...
- Yield to Oncoming Rate and Rule Filings - Louisiana Department of ...
Louisiana is a modified prior approval state. Rates and rules must be on file with the LDOI at least forty-five (45) days prior to implementation. A proposed rate ...
- Bureau Rate: Definition from Answers.com
In a modified prior approval state, a company can use a deviated rate after filing it with the state insurance department provided it is a modest deviation and not a ...
- Rate and Rule Filing Blueprint - Louisiana Department of Insurance
Louisiana is a modified prior approval state. • Rates and rules must be on file with the LDI at least forty-five. (45) days prior to implementation. • A proposed rate ...
- rate Definition | Business Dictionaries from AllBusiness.com
In a modified prior approval state, a company can use a deviated rate after filing it with the state insurance department provided it is a modest deviation and not a ...
- Filing Handbook - Louisiana Department of Insurance
insurers with rate and/or rule filing requirements and outlines the review and/or approval process. AUTHORITY. Louisiana is a modified prior approval state.