Section 0780-01-04-.14 - FILING OF FORMS AND RATES(1) EACH FILING OF FORMS OR RATES SHALL BE SUBMITTED THROUGH THE MAILS. Questions relative to interpretation of these rules shall first be submitted by letter.(2) Filings shall be made in the following manner:(a) Letters should be addressed to the "Credit Insurance Division."(b) Each form shall be listed in a covering letter or in an attached list, and all covering letters and lists should be in duplicate.(c) All policies, certificates, riders, applications, statements of proposed insurance and agent's agreements shall be completed in "John Doe" fashion, to cover a hypothetical situation. Forms not so completed will be returned to the insurer.(d) Rate filings shall indicate the expected loss ratio and the basis of its derivation.(e) Each request for a higher rate than those promulgated by the Commissioner herein or by separate action as provided herein, shall contain a certification by a Fellow or Associate of the Society of Actuaries or Member of the American Academy of Actuaries, or other qualified Actuary stating that:1. the statements contained in the request are based on investigation by the insurer and are true to the best of its knowledge, and2. in the Actuary's opinion, the facts stated clearly justify the rate applied for.
(3) It is the intention of the Commissioner that each filing will be acknowledged within the time prescribed by law, such acknowledgement to indicate either his approval or disapproval and, where approval is given, the date on which the forms or rate may be used. If acknowledgment has not been received within sixty days, the insurer should make inquiry as to whether the filing has been received.Tenn. Comp. R. & Regs. 0780-01-04-.14
Original rule certified June 10, 1974.Authority: T.C.A. §§ 45-5-403, 56-7-901 and 56-8-110.