§ 11-219. Deviations from rating organization rates

Latest version.

   (a) In general. -- 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) Action by Commissioner. -- 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.

HISTORY: An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2.

                    
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