miaomiao
04-18-2006, 02:51 PM
1. purpose of this acts:
prohibit price fixing and other anticompetive behavior by insurers
protect policyholder and public against the adverse effects
promote price competition
provide regulatory procedure
improve availability, fairness and reliability of insurance
authorize essential cooperative action
encourage most ifficient and economical marketing practices
enable insurereds to purchase insurance and foster competitive insurance markets
2. in determining whether a reasonable degree os competition exisits, shall review:
market structure
market performance
practical opporunities for consumers to acquire pricing info
3. rate filing: the infromation in support of a rate filing consist of :
the experience or judgment of the insurer or infor files by advisory organization on behalf of the insurer
its interpreation of any stat data it relies on
the experience of other insurers or advisory organizations
any other relevant factors
4. monitoring competition:
the commissioner shall:
use existing relevant infor, analytical systems and other sources
cause or participate in the development of new relevant information, analytical systems and other sources
rely on some combination thereof.
5. prohibited activity of insurers and advisory organizations:
attempt to monopolize, or combine or conspire with any other person to monopolize an insurance market
engage in a boycott, on a concerted basis, of an insurance market.
can't list any more, too many points here...
prohibit price fixing and other anticompetive behavior by insurers
protect policyholder and public against the adverse effects
promote price competition
provide regulatory procedure
improve availability, fairness and reliability of insurance
authorize essential cooperative action
encourage most ifficient and economical marketing practices
enable insurereds to purchase insurance and foster competitive insurance markets
2. in determining whether a reasonable degree os competition exisits, shall review:
market structure
market performance
practical opporunities for consumers to acquire pricing info
3. rate filing: the infromation in support of a rate filing consist of :
the experience or judgment of the insurer or infor files by advisory organization on behalf of the insurer
its interpreation of any stat data it relies on
the experience of other insurers or advisory organizations
any other relevant factors
4. monitoring competition:
the commissioner shall:
use existing relevant infor, analytical systems and other sources
cause or participate in the development of new relevant information, analytical systems and other sources
rely on some combination thereof.
5. prohibited activity of insurers and advisory organizations:
attempt to monopolize, or combine or conspire with any other person to monopolize an insurance market
engage in a boycott, on a concerted basis, of an insurance market.
can't list any more, too many points here...