California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.8 - Review of Rates › Article 8 - Timelines for Scheduling and Commencing Hearings › Section 2648.4 - Complete Application

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  In order to be complete, a rate application must include the following forms,
				  exhibits, data and documentation, which are incorporated by reference:
				  application for approval (form CA-RA1, 5-1-96 ed.), duplicate of form CA-RA1
				  for return copy, self-addressed envelope with sufficient postage to return the
				  duplicate copy of CA-RA1, Rate/Rule/Underwriting Rule Submission Data Sheet
				  (form CA-RA2, 5-1-96 ed.), Line of Business (form CA-RA3, 5-1-96 ed.), Filing
				  Checklist (form CA-RA4, 5-1-96 ed.), Ratemaking Data (form CA-RA5, 5-1-96 ed.),
				  Reconciliation Report (form CA-RA6, 5-1-96 ed.), Additional Data Required by
				  Statute (form CA-RA7, 5-1-96 ed.), Miscellaneous Data (form CA-RA8, 5-1-96
				  ed.), Filing History (to be labeled Exhibit 1), Rate Level History (to be
				  labeled Exhibit 2), Premium Adjustment Factor (to be labeled Exhibit 3),
				  Premium Trend Factor (to be labeled Exhibit 4), Allocated Loss Adjustment
				  Expense (to be labeled Exhibit 5), Loss Development Factors (to be labeled
				  Exhibit 6), ALAE Development Factors (to be labeled Exhibit 7), Loss Trend,
				  ALAE Trend, and Expense Trend (to be labeled Exhibit 8), Catastrophe Adjustment
				  (to be labeled Exhibit 9), Policy Term Distribution (to be labeled Exhibit 10),
				  Credibility Adjustment (to be labeled Exhibit 11), Data Availability Report (to
				  be labeled Exhibit 12), Interjurisdictional Expense Allocations (to be labeled
				  Exhibit 13), Unallocated Loss Adjustment Expense (to be labeled Exhibit 14),
				  Other Expense Items (to be labeled Exhibit 15), Ancillary Income (to be labeled
				  Exhibit 16), Federal Income Tax Rate (to be labeled Exhibit 17), Projected
				  Investment Income Ratio (to be labeled Exhibit 18), Loss Reserves, Loss
				  Adjustment Expense Reserves, and Unearned Premium Reserves (to be labeled
				  Exhibit 19), Insurer's Ratemaking Calculations (to be labled Exhibit 20), Rate
				  Distribution (to be labeled Exhibit 21), Rate Classification Relativities (to
				  be labeled Exhibit 22), New Program (to be labeled Exhibit 23), Group Filing
				  (to be labeled Exhibit 24), rating rules, and rate pages. The application must
				  also contain a summary and explanation of the purpose for the filing. The
				  Filing Instructions (forms CA-IA1--CA-I8, 5-1-96, ed.) for these forms and
				  exhibits are incorporated by reference.
(b) Notwithstanding the completeness
				  determination, the Commissioner may later require the submission of relevant
				  underwriting rules and other relevant documents from an applicant in order to
				  perform a complete analysis of an application.
(c) Requests for variances as authorized by
				  section 2644.27 shall be on the following
				  form:
STATE OF CALIFORNIA
Insurer Name
DEPARTMENT OF INSURANCE
Line of Business
Request for Variance
1. Identify each variance
				  requested.
2. Identify the extent
				  or amount of the variance requested and the applicable efficiency standard,
				  rate of return, loss development factors or trend which will result if the
				  variance is granted.
3. Set forth
				  the expected result or impact on the maximum and minimum permitted earned
				  premium that the granting of the variance will have as compared to the expected
				  result if the variance is denied.
4. Identify the facts and their source
				  justifying the variance request and provide the documentation supporting the
				  amount of the change in the applicable efficiency standard, rate of return,
				  loss development factors or trend that is being proposed.
xx-xx-06 ed.
CA-RA9