§ 11-216. Use of territory as a rate determining factor.

Latest version.

   An insurer that uses territory as a factor in establishing automobile insurance rates shall submit a statement to the Commissioner certifying that:

   (1) the territories used by the insurer have been reviewed within the previous 3 years; and

   (2) use of the territories is actuarially justified.

HISTORY: 2006, ch. 410.

                    
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