Rule 20:06:21:70 Premium rate schedule increases -- Exceptional increases.
20:06:21:70. Premium rate schedule increases -- Exceptional
increases. Except as provided in §§ 20:06:21:63 to 20:06:21:69,
inclusive, exceptional increases are subject to the same requirements as other
premium rate schedule increases.
The director may request a review by
an independent actuary or a professional actuarial body of the basis for a
request that an increase be considered an exceptional increase.
The director, in determining that the
necessary basis for an exceptional increase exists, shall also determine any
potential offsets to higher claims costs.
28 SDR 157, effective May 19, 2002.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-4.
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