RULE 30.2G - CONSUMER INSURANCE SCORE (CIS)
Applies
to: Premier - YES, Premier Plus - YES, Premier Select - YES
Premier Condo - YES, Premier Renters - YES
In order to properly underwrite and rate an insurance risk, a Consumer Insurance Score (CIS) is assigned to all policyholders. A CIS will be obtained at new business and at every third annual renewal for all policyholders. This will be only one of the factors used to rate an insurance risk.
We are implementing CIS level stepping if the CIS improves or worsens. The CIS level adjustment will be stepped toward the actual CIS level. The stepping will be capped at one CIS level each renewal. The stepping will apply if the CIS improves or worsens.
All policies will be assigned to one of the following tiers.
|
Tier
|
Factors
|
|
1
|
.68
|
|
2
|
.72
|
|
3
|
.76
|
|
4
|
.78
|
|
5
|
.80
|
|
6
|
.84
|
|
7
|
.89
|
|
8
|
.93
|
|
9
|
.96
|
|
10
|
1.00
|
|
11
|
1.06
|
|
12
|
1.12
|
|
13
|
1.19
|
|
14
|
1.30
|
|
15
|
1.36
|
|
16
|
1.45
|
|
17
|
1.53
|
|
18
|
1.59
|
|
19
|
1.66
|
|
20
|
.93
|
|
21
|
.93
|
|
22
|
.93
|
