(a) An insurer may deviate from the rates filed by a rating organization if:
- (1) the insurer has filed the deviation to be applied with the rating organization and Commissioner;
- (2) the deviation is uniform in its application to all risks in the State of the class of insurance to which the deviation is to apply; and
- (3) the deviation is approved by the Commissioner.
- (b) The Commissioner may approve or disapprove a deviation as if the deviation filing were a rate filing and specify the period of time during which an approval will be effective.
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.