§ 8-44-104 — Cutting rates - rebates - penalty

Every insurance carrier that
writes compensation insurance shall write insurance at the rates filed with the
commissioner of insurance. The cutting of rates, rebating, or any other method
whereby, directly or indirectly, any employer is given the benefit of or obtains a rate
lower than that approved by the commissioner of insurance is prohibited. The
commissioner of insurance may suspend the license of any insurance carrier, agent,
or broker who violates any provision of this section. Also, any insurance carrier, any
employer, or any officer, agent, or employee thereof who violates any provision of
this section is guilty of a misdemeanor and, upon conviction thereof, shall be
punished by a fine of not more than one hundred dollars for each such violation.

Legislative History

Source: L. 90: Entire article R&RE, p. 521, � 1, effective July 1. L. 2000: Entire section amended, p. 471, � 11, effective August 2. L. 2002: Entire section amended, p. 1884, � 36, effective July 1. L. 2003: Entire section amended, p. 2201, � 3, effective July 1.