- (a) Within 10 days of the filing of the petition for a hearing, the responding party shall file a response to the petition.
(b) The respondent shall file an original and 2 copies of the response, and the response shall set forth the following information:
- (1) The rate the responding party believes is commercially reasonable;
- (2) The evidence and methodology for asserting that the fee is reasonable;
- (3) Any facts which are additional to or different from the facts stated in the petition; and
- (4) A certification that the other party and the data analytics division of the insurance department has been served with the petition;
- (c) Failure to file a response to the petition shall result in a default finding that the petitioning parties proposed rate is commercially reasonable.
Source. (See Revision Note at chapter heading for Ins 200) #13073-A, eff 7-27-20