§ 27-1-22-9 — Deviation from rates; filing; effective date; termination; public inspection

Indiana § 27-1-22-9

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 22: Regulation of Insurance Rates

Text

(a) In addition to any rights conferred pursuant
to section 4 of this chapter any member or subscriber to a rating
organization may file with commissioner a deviation from the rates,
rating schedules, rating plans, rating systems, or rules respecting any
kind of insurance, division, subdivision, classification, or any part or
combination of any of the foregoing.
(b) Such a filing shall specify the nature and extent of the deviation
and shall be accompanied by the relevant information upon which the
filer supports the deviation. The commissioner shall have the right to
request any additional relevant information.
(c) Such deviation shall become effective upon the date of filing by
delivery or upon date of mailing by registered mail to the commissioner
or on a later date specified in the filing. It shall be in effect until
terminated by the filer giving notice to the commissioner of the
termination of the deviation. A change in the rates, rating schedules,
rating plans, rating systems, or rules to which the deviation applies
shall not terminate the deviation without the consent of the insurer to
which the deviation applies. Any such deviation may be terminated by
the commissioner pursuant to the provisions of section 5 of this chapter
and after notice and hearings as provided in section 5 of this chapter.
(d) A deviation filing and supporting information shall be open to
public inspection as soon as stamped "filed" within a reasonable time
after receipt by the commissioner and copies may be had by any person
on request and upon the payment of a reasonable charge therefor.
Formerly: Acts 1967, c.133, s.9. As amended by P.L.252-1985,
SEC.112.