Rate Filing
The process of submitting proposed insurance rates or rating rules to a state regulator for review or approval before they can be used.
Rate filing is the process by which an insurer submits proposed rates, rating rules, or policy forms to a state insurance department for review or approval. Most states require approval before rates can be used, while some allow use after a notice period unless the regulator objects.
Rate filing is a traditional insurance regulatory process that is now intersecting with AI governance. If a model uses new variables, external data, or algorithmic rating factors, the insurer may need to describe them in the filing. Regulators can ask for testing data, explanations of variables, and evidence that the rates are not unfairly discriminatory.
AI models that change rates dynamically or use opaque variables create filing challenges. Carriers should involve regulatory filings teams early when AI changes pricing or underwriting. See our glossary entries on the Department of Insurance, underwriting and pricing, and rating variables.