Section 60. Certification

Latest version.

A. In any filing proposing a rate stabilization plan, the insurer shall complete, certify, and include the Rate Stabilization Plan Certification (Form 345-A).

B. In any rate filing made subsequent to the implementation of a rate stabilization plan where historical premiums have been capped (whether increases or decreases), the insurer's actuary shall provide a signed statement certifying that the actuarial indication does not redundantly measure rate need.

Historical Notes

Derived from Volume 32, Issue 25, eff. September 1, 2016.

Statutory Authority

§§ 12.1-13 and 38.2-223 of the Code of Virginia.

                    
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