Rating and filings
A filed rating plan, underwriting guidance and policy wording are different instruments. Confirm the carrier, line, jurisdiction and actual authority before proposing a change. VERIFY the applicable filing and approval rules.
Instruments
Section titled “Instruments”| Instrument | Purpose | Boundary |
|---|---|---|
| Rating plan / filing | Rates, classes and permitted factors | Applicable legal and actuarial requirements |
| Schedule rating | Account-specific debits/credits where permitted | Filed criteria, range, documentation and discrimination rules |
| Underwriting guideline / bulletin | Guide appetite and authorised judgement | Cannot bypass rating or form requirements |
| Endorsement | Modify policy terms using agreed wording | Form approval/filing and authority where applicable |
These are study distinctions; neither a bulletin nor an endorsement is a universal shortcut around filing. Turnaround depends on the actual proposed change and review. STABLE
Runtime evidence proposal
Section titled “Runtime evidence proposal”Ask whether a defined artifact can support an existing loss-control criterion, submission review, or renewal discussion. The insurer decides whether it is relevant and permitted. Evidence alone does not warrant a schedule credit, restore excluded cover or require vendors to purchase a service. STABLE
Questionnaires and assessments can remain useful alongside runtime evidence. A change after assessment creates a review question; it does not erase every earlier finding. Competitor products, exclusions and market practices need primary current evidence before a comparison. STABLE
Drill this page →26 bank questions stand behind what you just read. Check it while it’s warm.