§3801.50. Small Employer Carrier Rating and Underwriting Record Maintenance

A small employer carrier shall maintain and have accessible at its principal place of business for a period of 3 years from the date of actuarial certification the following records and information:

 

a)         A complete and detailed description of its rating practices and renewal underwriting practices;

 

b)         Information and documentation that demonstrates that its rating methods and practices are based upon commonly accepted actuarial assumptions and are in accordance with sound actuarial principles; and

 

c)         Any work papers or other information and documentation prepared in support of the actuarial certification.