{"data":{"id":"us-ut/utah-code-31a-19a-408","jurisdiction":"us-ut","citation":"Utah Code § 31A-19a-408","heading":"Procedures for workers' compensation tiered rate filings.","body":"(1) Notwithstanding Section 31A-19a-214 and subject to the other provisions of this section, a workers' compensation insurer may file with the commissioner a rate filing for workers' compensation insurance that provides for a plan with more than one rate tier for a single insurer or an insurer group with common ownership if the filing shows that:\n(a) each tier is established on underwriting rules that are based on criteria that would lead to a logical distinguishing of potential risk; and\n(b) supporting actuarial analysis or other information that shows a clear distinction between the following for each tier:\n(i) expected losses and expenses; and\n(ii) actual losses and expenses.\n(2) A workers' compensation insurer shall file with the commissioner an update of the actuarial analysis or other information required under Subsection (1)(b) at least every three years.\n(3) A workers' compensation insurer may apply underwriting expertise and judgment in the tier placement process, except that underwriting expertise and judgment shall:\n(a) be applied in a prudent manner; and\n(b) when applied, be fair, reasonable, and fully documented.","path":["Title 31A Insurance Code","Chapter 31A-19a Utah Rate Regulation Act","Part 31A-19a-4 Workers' Compensation Rates"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter19a/31A-19a-S408.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"e8d027a286317c7e5ca7d014da4ce83100e95c28b66fa3b6f9721d6f79767dc4","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-19a-407","next":"us-ut/utah-code-31a-20-101"},"notice":"GroundRules: Original legal text. Not legal advice."}