Arizona § 20-384 - Rating criteria
Full text of Arizona Arizona Revised Statutes § 20-384 — Rating criteria, with citation guidance and answers to common questions.
§ 20-384. Rating criteria
A. In setting rates, an insurer shall apply the criteria prescribed in this section.
B. An insurer shall give due consideration to past and prospective loss and expense experience within and outside this state, to catastrophe hazards, to a reasonable margin for underwriting profit and contingencies, to investment income from unearned premium and loss reserves, to trends within and outside this state, to reasonable dividends or savings to be allowed or returned by insurers to their policyholders, members or subscribers and to all other factors, including judgment factors.
C. Risks may be classified in any reasonable way for the establishment of rates and minimum premiums. Classifications shall not be based on race, color, creed or national origin. Rates produced may be modified for individual risks in accordance with rating plans or schedules that establish reasonable standards for measuring probable variations in hazards or expenses, or both.
D. The expense provisions included in the rates to be used by an insurer may reflect the operating methods of the insurer and its own expense experience.
E. Rates and supplementary rate information established pursuant to this article shall not be based on or include loss and expense experience attributable to insurance coverage issued to an industrial insured pursuant to section 20-400.10.
Frequently Asked Questions About Arizona § 20-384
What does Arizona Revised Statutes § 20-384 cover?
Section 20-384 ("Rating criteria") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-384?
A common citation format is "Arizona Revised Statutes § 20-384" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-384 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.