Utah § 31A-19a-407 Cooperation among rating organizations and insurers

Utah Statutes

§ 31A-19a-407 — Cooperation among rating organizations and insurers

Utah·Title 31A Insurance Code·Ch. 31A-19a Utah Rate Regulation Act·Part 31A-19a-4 Workers' Compensation Rates

(1)Notwithstanding Section 31A-19a-305, rate service organizations and insurers may cooperate with each other in rate-making or in other matters within the scope of this part.

(2)(2)(a) The commissioner may review the cooperative activities and practices permitted under Subsection (1).

(2)(b) If, after a hearing, the commissioner finds any of the cooperative activities or practices permitted under Subsection (1) to be unfair, unreasonable, or otherwise inconsistent with the law, the commissioner may issue an order:

(2)(b)(i) specifying in what respects the activity or practice is unfair, unreasonable, or otherwise inconsistent with the law; and

(2)(b)(ii) requiring the persons or entities involved to discontinue the activity or practice.

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(1) Notwithstanding Section 31A-19a-305, rate service organizations and insurers may cooperate with each other in rate-making or in other matters within the scope of this part.
(2) (2)(a) The commissioner may review the cooperative activities and practices permitted under Subsection (1).
(2)(b) If, after a hearing, the commissioner finds any of the cooperative activities or practices permitted under Subsection (1) to be unfair, unreasonable, or otherwise inconsistent with the law, the commissioner may issue an order:
(2)(b)(i) specifying in what respects the activity or practice is unfair, unreasonable, or otherwise inconsistent with the law; and
(2)(b)(ii) requiring the persons or entities involved to discontinue the activity or practice.

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