§ 27-6-24. Admission of and services to subscribers.
Subject to rules and regulations that have been approved by the commissioner as reasonable,
each rating organization shall permit any insurer, not a member, to be a subscriber
to its rating services for any kind of insurance, or subdivision or class of risk
or a part or combination of it, for which it is authorized to act as a rating organization.
Notice of proposed changes in the rules and regulations shall be given to subscribers.
Each rating organization shall furnish its rating services without discrimination
to its members and subscribers. The reasonableness of any rule or regulation in its
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§ 27-6-24. Admission of and services to subscribers.
Subject to rules and regulations that have been approved by the commissioner as reasonable,
each rating organization shall permit any insurer, not a member, to be a subscriber
to its rating services for any kind of insurance, or subdivision or class of risk
or a part or combination of it, for which it is authorized to act as a rating organization.
Notice of proposed changes in the rules and regulations shall be given to subscribers.
Each rating organization shall furnish its rating services without discrimination
to its members and subscribers. The reasonableness of any rule or regulation in its
application to subscribers, or the refusal of any rating organization to admit an
insurer as a subscriber, shall, at the request of any subscriber or any affected insurer,
be reviewed by the commissioner at a hearing held upon at least ten (10) days' written
notice to the rating organization and to the subscriber or insurer. If the commissioner
finds that the rule or regulation is unreasonable in its application to subscribers,
the commissioner shall order that the rule or regulation shall not be applicable to
subscribers. If the rating organization fails to grant or reject an insurer's application
for subscribership within thirty (30) days after it was made, the insurer may request
a review by the commissioner as if the application had been rejected. If the commissioner
finds that the insurer has been refused admittance to the rating organization as a
subscriber without justification, the commissioner shall order the rating organization
to admit the insurer as a subscriber. If the commissioner finds that the action of
the rating organization was justified, the commissioner shall make an order affirming
its action.