LD 1853
pg. 10
Page 9 of 15 PUBLIC Law Chapter 671 Page 11 of 15
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LR 2725
Item 1

 
or risk types from eligible applicants who are in good faith
entitled to but who are unable to procure basic property and
casualty insurance through ordinary methods in the voluntary
admitted market;

 
B. Establish a methodology for the calculation and the
payment of fees or commissions to producers with respect to
eligible risks written through the program;

 
C.__Require that member insurers write basic property and
casualty insurance for eligible applicants to cover
underserved areas or risk types in accordance with each
member insurer's underwriting guidelines and rating rules
applicable to risks written through the program to the
extent not inconsistent with reasonable underwriting and
rating rule limitations contained in rules adopted by the
superintendent under subsection 8;

 
D.__Permit the use of rate filings and policy forms by
member insurers, including:

 
(1) The ability for member insurers to use existing
forms and rates to write basic property and casualty
insurance in the program;

 
(2) The authority for member insurers to file modified
policy forms and modified rates in accordance with
subsection 9, including permissible surcharges on those
policies in accordance with limits established by the
superintendent by rule; and

 
(3) The authority for the__program to develop uniform
policy forms and rates for use by member insurers
subject to approval of the superintendent and the
requirements of subsection 9;

 
E.__Establish a procedure for the possible future creation
of a risk pooling arrangement or reinsurance program for the
distribution of the losses and expenses of basic property
and casualty insurance written through the program;

 
F.__Provide that a member insurer is entitled to receive
credit for voluntarily writing basic property and casualty
insurance in underserved areas or on underserved risk types
and that the participation in the program of an insurer who
does so must be reduced in accordance with the mechanism of
apportionment and distribution established under paragraph
A;

 
G.__Establish a grievance process for applicants for insurance,
insureds and member insurers with the program and


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