The categories of supplementary rating information addressed
in this section describe the different items that may be required
or requested in a rate and rule filing. Section 5.9334 of this title
(relating to Requirements for Rate and Rule Filing Submissions) lists
the categories of supplementary rating information that different
rate and rule filings require. Categories of supplementary rating
information include:
(1) Rating manual. This type of manual consists of
any rating schedule, plan of rules, and rating rules. A rating manual
may contain factors and relativities, including increased limits factors,
classification relativities, deductible relativities, territory relativities,
premium discounts, and other similar factors. A rating manual may
also include some or all information in the remaining categories of
supplementary rating information.
(2) Rating algorithm.
(3) Rating plan.
(4) Territory codes and descriptions.
(5) Classification system. This consists of any other
criteria, guidelines, models, and methods that place individual risks
into rating classifications, such as tiers, categories, or similar
groupings, regardless of the name used.
(6) Factors and relativities, including increased limits
factors, classification relativities, deductible relativities, territory
relativities, premium discounts or surcharges, and other similar factors.
(7) Other information. This is any other information
used by the insurer to determine the applicable premium for an insured.
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