1203

As used in this chapter:\n(1) Rate.— Includes as the context may require, either the consideration to be paid or charged for insurance contracts, including also fidelity and surety bonds, or the elements and factors forming the basis for the determination or application of the same, or both.\n(2) Rate filings.— Means the filings made pursuant to § 1205 of this title.\n(3) Rating organization.— Means every organization which now exists or which may hereafter be formed for the purpose of making rates to be used by more than one authorized insurer.\n(4) Subscriber.— Means an insurer which is furnished rating services at its request by a rating organization of which it is not a member.\n(5) Advisory or Service Organization.— Means a group, association, or other organization of insurers, whether located within or outside Puerto Rico, which assists insurers which make their own filings, or rating organizations in rate making, by the collection and furnishing of loss or expense statistics, or by the submission of recommendations, but which does not make filings under this chapter.\nHistory —Ins. Code § 12.030.