Section 27-13-73 – Factors to Be Considered in Determining Reasonableness, etc., of Rates.
Section 27-13-73 Factors to be considered in determining reasonableness, etc., of rates. In every case where, pursuant to the provisions of the article, the commissioner is authorized or required to determine whether rates are reasonable and adequate and not unfairly discriminatory, he shall consider the factors and standards set forth in Section 27-13-65. (Acts 1945, […]
Section 27-13-74 – Examination of Business, etc., of Rating Organizations and Insurers Making Own Rates.
Section 27-13-74 Examination of business, etc., of rating organizations and insurers making own rates. The commissioner may, whenever he deems it expedient, but at least once in every five years, make, or cause to be made, an examination of the business, affairs, and method of operation of each rating organization doing business in this state […]
Section 27-13-75 – Alteration, Supplementation, and Amendment of Rating Plans.
Section 27-13-75 Alteration, supplementation, and amendment of rating plans. A rating organization or any insurer making its own rates may, with the approval of the commissioner, from time to time, alter, supplement, or amend its rating plans, or any part thereof, by filing with the department copies of such alterations, supplements, or amendments, together with […]
Section 27-13-76 – Prohibition Against Premiums Not in Accord With Approved Rating Systems.
Section 27-13-76 Prohibition against premiums not in accord with approved rating systems. No insurer, or employee thereof, and no broker or agent shall knowingly charge, demand or receive a premium for any policy of insurance except in accordance with the respective rating systems on file with, and approved by, the commissioner. No insurer, or employee […]
Section 27-13-77 – False or Misleading Information Concerning Rates.
Section 27-13-77 False or misleading information concerning rates. No insurer and no officer, agent, or employee thereof shall give false or misleading information to any rating organization of which it is a member or subscriber or to the department which will in any manner affect the proper determination of reasonable, adequate, and nondiscriminatory rates. (Acts […]
Section 27-13-78 – Suspension of License or Certificate of Authority.
Section 27-13-78 Suspension of license or certificate of authority. Any rating organization which violates any provision of this article shall be subject to suspension of its license, and any insurer making its own rates which violates any provisions of this article shall be subject to suspension of its certificate of authority to do business in […]
Section 27-13-79 – Order Revoking or Suspending License.
Section 27-13-79 Order revoking or suspending license. If the commissioner shall find, after due notice and hearing, that any rating organization, insurer, officer, agent, or representative thereof has willfully violated any of the provisions of this article, he may issue an order revoking or suspending the license of any such insurer, agent, broker, or representative […]
Section 27-13-80 – Notices, Hearings, and Orders by Commissioner.
Section 27-13-80 Notices, hearings, and orders by commissioner. The commissioner shall not make any order under the provisions of this article without giving every rating organization and insurer who may be affected thereby reasonable notice and a hearing, if hearing is requested. All hearings provided for in this article shall be held at such time […]
Section 27-13-81 – Review of Final Orders of Commissioner.
Section 27-13-81 Review of final orders of commissioner. Any final order made by the commissioner as provided by law may, upon appropriate petition filed by the Attorney General on behalf of the state or by any interested party at any time within 30 days from the date of said order, be reviewed by the Circuit […]
Section 27-13-82 – Delegation of Authority by Commissioner.
Section 27-13-82 Delegation of authority by commissioner. Whenever, under the provisions of this article, the commissioner is authorized or required to do any act, he may designate an assistant or any salaried employee of the department to act in his place and stead, who shall report to the commissioner and advise the commissioner on the […]