Section 58-17-79 - Documentation of rating methods and practices

58-17-79. Documentation of rating methods and practices.Each carrier shall maintain at its principal place of business a complete and detailed description of its rating practices and renewal underwriting practices, including information and documentation that demonstrate that its rating methods and practices are based upon commonly accepted actuarial assumptions and are in accordance with sound actuarial principles. Source: SL 1996, ch 286, §14.