Section R20-5-716. Rates and Code Classifications; Penalty Rate

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A. A pool shall only use rates and code classifications obtained from a rating organization licensed by the Arizona Department of Insurance.

B. A pool may apply a penalty rate in excess of an annual pre- mium to any member with an unfavorable loss experience, provided the pool provides written notice to the member 30 days before the effective date of the change in rate.

Historical Note

Adopted effective September 9, 1998 (Supp. 98-3).

                    
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