Mississippi Administrative Code › Title 19 - Department of Insurance › Part 5 - Non-Auto Property and Casualty Insurance › Chapter 2 - (FR 68-1) Filing Regulations › Rule 19-5-2.05 - Reference Filing

Current through June 25, 2024
For Casualty lines only, companies who are not members of a
				  licensed rating organization may become "Reference Filers" in Mississippi.
				  Forms to accomplish this will be submitted to licensed companies requesting
				  same and contain the following language.
A. Reference Filing Procedure.
The Mississippi Insurance Commission has in effect a
				  Reference Filing Agreement applicable to licensed casualty insurance companies
				  who have no casualty rating bureau affiliation. The purpose of this system is
				  to facilitate action on independent filings and eliminate the unnecessary
				  duplications involved in filing complete bureau manuals with the exception
				  pages for each company.
Any casualty company licensed to do business in Mississippi
				  may make independent filings provided such company is not affiliated with a
				  licensed rating bureau for those coverages.
It is the intent of this office to eliminate the necessity
				  for filing manuals and revisions by soliciting your cooperation, which we
				  believe will expedite the required action upon any filing made to this
				  office.
This system will require the independent filer to notify this
				  office that they are a manual subscriber to a particular rating bureau and will
				  follow the standard manual and subsequent revisions as of the published
				  effective date unless otherwise noted.
Any exception page must be filed as previously required in
				  color and identifiable with the manual rule. Such pages should also be
				  submitted in duplicate.
Rate deviations (variations from manual rates) must be
				  supported as required by law.
This is not a mandatory requirement. If a company wishes to
				  comply with this system, it must do so voluntarily. For that reason, we are
				  attaching an agreement to be completed and returned to this office.
Full Company Name
				  ____________________________________________________________
REFERENCE FILING AGREEMENT
The undersigned is a purchaser of the manual service of the
				  Bureau(s) checked below and agrees to accept, by reference, all filings and
				  future revisions of all manuals filed by said Bureau and approved for use in
				  the State of Mississippi. All changes are to become effective for the
				  undersigned simultaneously with the Bureau filing. Nothing herein contained
				  shall effect or abridge the right of the undersigned to file variations to any
				  rates or rules contained in the Bureau manuals.
This agreement shall be effective as of the date it is
				  approved by the Mississippi Insurance Commission and shall remain in full force
				  until either withdrawn by the undersigned or ordered rescinded by the
				  Mississippi Insurance Commission.
__________________________ Insurance Rating Board
__________________________ Mutual Insurance Rating
				  Bureau
__________________________ Surety Association of
				  America
Company
				  ___________________________________________________________________
By
				  ___________________________________________________________________
Title
				  ___________________________________________________________________
Date
				  ___________________________________________________________________
Miss. Code Ann.§
										83-2-1,
				  et seq.(Rev. 2011)