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Insurers in a cooperative organization that rate and prepare new policy forms following state insurance department guidelines and regulations. Loss experience per line of business in specific geographical areas is collected and used to make rates suggestions to the rating bureau member companies, which can choose to use rates or file their own deviated rates. The deviated rates may require approval and/or filing by the state's insurance department depending on the state.
Insurance Industry News from ProgramBusiness.comSmart Replaced ARTIS
Storefront Owner The Lighthouse Companies http://www.programbusiness.com/tracking/sftracker.asp?SFid=175 has replaced its ARTIS Program (Royal Insurance Company) for the Assisted Living Industry with Markel’s Smart Program. This is a Lighthouse exclusive in-house program for the Assisted Living Industry. Markel has granted the Lighthouse Companies full underwriting authority for General Liability, Professional Liability, Employee Benefits Liability, Hired and Non Owned Auto Liability, Stop Gap, and Sexual/Physical Abuse Coverage. The program is available countrywide except for Florida, Texas, California, Delaware, and the District of Columbia.
The Lighthouse Companies has been an innovative leader in the Assisted Living Industry and has continued to foster loss control as a means of reducing liability exposure.
For more program details, visit the Lighthouse storefront at http://www.programbusiness.com/tracking/sftracker.asp?SFid=175
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