40-957. Same; advisory organizations; required filings; insurers and rating organizations prohibited from relying on statistics, when. (a) Every group, association or other organizations of insurers, whether located within or outside this state, assisting 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 act, shall be known as an advisory organization.
(b) Every advisory organization shall file with the commissioner: (1) A copy of its constitution, articles of agreement or association, its certificate of incorporation and its bylaws, rules and regulations governing its activities; (2) a list of its members; (3) the name and address of a resident of this state upon whom notices or orders of the commissioner or process issued at the commissioner's direction may be served, with its written agreement to accept such notices or service; and (4) an agreement the commissioner may examine such advisory organization in accordance with this act.
(c) If, after a hearing, the commissioner finds the furnishing of such information or assistance involves an act or practice which is unfair or unreasonable or otherwise inconsistent with this act or the insurance laws of this state, the commissioner may issue a written order requiring the discontinuance of the act or practice. No insurer or rating organization shall support its filings by statistics or adopt rate making recommendations furnished to it by an advisory organization which has not complied with this section or with an order of the commissioner issued under this section. If the commissioner finds such insurer or rating organization to be in violation of this subsection the commissioner may issue an order requiring the discontinuance of such violation.
History: L. 1997, ch. 154, ยง 7; July 1.
Structure Kansas Statutes
Article 9 - General Provisions Relating To Fire Insurance Companies
40-902 Deposit of securities by stock insurance company.
40-905 Statement of value in policy; evidence of ownership of property; exceptions.
40-906 Inspection and description of premises.
40-908 Attorney fees in certain actions.
40-924 Proof of loss by fire or tornado; insurer to furnish blanks and directions.
40-938 Same; false or misleading information; penalties.
40-951 Fire and casualty insurance rates; purpose of act.
40-952 Same; application of act.
40-955b Same; rate filings; premium variance, when allowed.
40-958 Same; deviations from rating organization filings.
40-959 Same; appeal of rating organization decision; hearing; order.
40-960 Same; information to be furnished insureds; grievance procedures; appeals to commissioner.
40-961 Same; statistical plans for reporting loss and expense data; rules and regulations.
40-962 Same; withholding or giving false or misleading information prohibited.
40-963 Same; violations; penalties.
40-964 Same; hearings under administrative procedure act.
40-965 Same; review of commissioner's actions; rates pending final determination of court.
40-971 Same; rates in excess of limitation of preceding section.
40-972 Same; procedure; duties of commissioner.