Rate Filing Management
Overview
Section titled “Overview”Rate filings define the premium rates and underwriting rules that apply to each state and product line. Every quote generated in LAMS uses the rate filing currently in effect for that state and line of business. Keeping rate filings current is critical to ensuring accurate pricing.
Viewing Current Rate Filings
Section titled “Viewing Current Rate Filings”Rate filings smart table showing state, product line, filing ID, effective date, expiration date, and approval status columns
Navigate to Administration > Rate Filings to see all active and pending rate filings.
You can filter by:
- State — View filings for a specific state
- Product Line — View filings for a specific line of business
- Status — Active, pending approval, or expired
Adding a New Rate Filing
Section titled “Adding a New Rate Filing”- Click Add Rate Filing.
- Select the state and product line this filing applies to.
- Enter the rate filing ID (assigned by the carrier or state filing number).
- Set the effective date — the date this filing takes effect for new quotes.
- Upload any supporting documentation if required.
- Click Submit for Approval.
Add rate filing form showing state dropdown, product line selector, filing ID field, effective date picker, and approval status
Approval Workflow
Section titled “Approval Workflow”New and updated rate filings require administrator approval before they become active:
- An administrator reviews the filing details.
- If approved, the filing becomes active on its effective date.
- If rejected, the submitter is notified and can revise and resubmit.
Rate Filings at Renewal
Section titled “Rate Filings at Renewal”When a policy renews, LAMS automatically checks whether the rate filing has changed since the original policy was written. If a newer filing is in effect, the renewal premium is calculated using the updated rates. The premium change will be visible in the renewal quote.