Ins 6.78(3)(b)(b) Prior to entering into such insurance agreements in Wisconsin the insurer has notified the commissioner of insurance of its intention so to do, identifying the contemplated lines and classes of insurance. Ins 6.78(4)(4) Exempt filing. If a title insurance rate as set forth in sub. (2) (b) is a downward deviation of an existing filed rate, the rate shall not be filed with the commissioner provided that all of the following apply: Ins 6.78(4)(a)(a) The insurer keeps for at least five years after the inception date of the policy the following information: Ins 6.78(4)(a)1.1. The filed rate and premium and the deviated rate and premium; Ins 6.78(4)(a)2.2. The effective date of the policy and the location and description of the risk; Ins 6.78(4)(b)(b) Prior to entering into such insurance agreements in Wisconsin, the insurer has notified the commissioner of its intentions to do so, identifying the contemplated rate deviation program. Ins 6.78 HistoryHistory: Cr. Register, January, 1980, No. 289, eff. 2-1-80; am. (1), (2) and (3) (intro.), cr. (4), Register, February, 1993, No. 446, eff. 3-1-93; reprinted to restore dropped copy in (3), Register, May, 1993, No. 449. Ins 6.785Ins 6.785 Exemption from rate and form filing requirements. Ins 6.785(1)(1) Purpose. This section is intended to exempt certain classes of property and casualty rates and commercial property and casualty forms from the rate and form filing requirements. This section implements and interprets ss. 625.04, 625.13, 625.15, and 631.20, Stats. Ins 6.785(2)(2) Scope. This section applies to the lines or classes of insurance which are listed in s. Ins 6.75 (2) (a), (d), (e), (f), (g), (h), (i), (j), (L), (m) and (n) of direct insurance written on risks or operations in this state subject to s. 625.03, Stats., and which are exempted under the consent-to-rate provision of s. Ins 6.78. Ins 6.785(3)(3) Findings. The commissioner of insurance finds that for certain classes of business certain risks within other classes of business and certain situations, the rate filing requirements set forth in s. 625.13, Stats., are unnecessary to achieve the purposes of ch. 625, Stats., and the policy form filing requirements set forth in s. 631.20, Stats., are unnecessary to achieve the purposes of ch. 631, Stats. The commissioner bases this finding on the following reasons: Ins 6.785(3)(a)(a) The manual rate, classification or form is inappropriate because it does not adequately reflect the exposure represented by the risk; Ins 6.785(3)(b)(b) The risk is so different from other risks that no single manual rate or classification could be representative of all such risks; Ins 6.785(3)(c)(c) The risk belongs to a classification that does not develop enough experience to warrant sufficient credibility for rate-making purposes; Ins 6.785(3)(d)(d) The risk involves a new product or coverage as to which there are no appropriate analogous exposures for rate-making purposes; Ins 6.785(3)(e)(e) The risk is a specialty type of insurance where enhanced speed to market for such insurance products will enhance competition and provide commercial policyholders with quicker access to new and innovative products; or Ins 6.785(3)(f)(f) The risk constitutes a business-to-business transaction of a sufficient size or specialized nature as to not warrant filings in order to accomplish the purposes of the statute. Ins 6.785(4)(4) Rate filing exemption. The following rates shall not be filed with the commissioner by the insurer or rate service organization on behalf of the insurer provided the insurer complies with sub. (7): Ins 6.785(4)(a)(a) The rate for an individual risk written under a rating rule class filed with the commissioner which must be accompanied by a certification by a qualified actuary that the rate under the rating rule class cannot be objectively rated for at least one of the following reasons: Ins 6.785(4)(a)1.1. The class generates insufficient loss experience to be reliably used in rating; Ins 6.785(4)(a)2.2. The class loss experience is so volatile as to make it unreliable; Ins 6.785(4)(a)3.3. Prospective losses for this class are likely to change rapidly and unpredictably; or Ins 6.785(4)(a)4.4. Risks within the class are so dissimilar that a single rate would not be representative of all risks in the class. Ins 6.785(4)(b)(b) Rates for excess liability insurance provided in an amount not less than $1,000,000 in excess of a specified retained limit provided such retained limit is not less than: Ins 6.785(4)(b)1.1. $350,000 per occurrence as respects those exposures covered by underlying insurance; or Ins 6.785(4)(b)2.2. $10,000 per occurrence as respects those exposures not covered by underlying insurance. Ins 6.785(4)(c)(c) Rates for risks developing annual products liability and completed operations insurance premiums of $5,000 or more at the basic limit.