An advisory organization may, for the lines of insurance for which it has been licensed: (1) Engage in those activities enumerated in section 44-7521; (2) Prepare, file, and distribute prospective loss costs; (3) Prepare, file, and distribute manuals of rating rules, rating schedules, experience rating plans and other supplementary rating information that do not include final rates, expense provisions, profit provisions, or minimum premiums; (4) Prepare and distribute experience rating plan modifiers for individual policyholders; (5) Prepare, file, and distribute factors, calculations, or formulas pertaining to classification, territory, and other variables; (6) Prepare, file, and distribute increased limits factors, which may include an incremental profit load, also called a risk load; (7) Conduct research and inspections in order to prepare classifications of public fire defenses or to evaluate the effectiveness of building codes and their enforcement; (8) Conduct inspections to determine rating classifications for individual insureds; (9) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others; (10) Conduct research in order to discover, identify, and classify information relating to causes or prevention of losses; (11) Prepare, file, and distribute policy forms and gather information from members, subscribers, and others relative to the application and interpretation of the policy forms; (12) Conduct research and inspections for the purpose of providing risk information relating to individual structures; (13) If instructed by the director, file rates instead of prospective loss costs for assigned risk or other residual market mechanisms; (14) Conduct research to determine the impact of statutory changes upon prospective loss costs; (15) Undertake educational activities on the use of policy forms, analysis of losses, loss trends, loss reserves, expenses, and other policy form and ratemaking topics; (16) For workers' compensation insurance, establish a committee that may include insurance company representatives to review the application of the classification system for individual insureds and to suggest modifications to the classification system; (17) Distribute any other information that is filed with the director; and (18) Furnish any other services approved or directed by the director related to the services enumerated in this section.
‹ Prev All Nebraska sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.