- (1) An insurer may file for approval and use a rate that is higher than a prima facie rate if the higher rate is expected to produce a minimum loss ratio that Section 31A-22-807 requires.
- (2) An insurer may use a rate that is lower than the insurer's filed rate without notifying the commissioner.
KEY: insurance law
Date of Last Change: March 25, 2022
Notice of Continuation: October 19, 2021
Authorizing, and Implemented or Interpreted Law: 31A-2-201