Title 31A Chapter 19a Section 403

Insurance Code
Utah Rate Regulation Act
Section 403
Definitions.

            

31A-19a-403.   Definitions.

            As used in this part:

            (1) "Uniform classification plan," in addition to the definition of "classification system" in Section 31A-19a-102, means a plan:

            (a) that is consistent between all insurers of classification codes and descriptions; and

            (b) by which like workers' compensation exposures are grouped for the purposes of underwriting, rating, and statistical reporting.

            (2) "Uniform experience rating plan" means a plan that is consistent between all insurers for experience rating entities insured for workers' compensation insurance.

            (3) "Uniform statistical plan" means a plan that is consistent between all insurers that is used for the reporting of workers' compensation insurance statistical data.


Amended by Chapter 90, 2004 General Session