Section 11-219 - Deviations from rating organization rates.
§ 11-219. Deviations from rating organization rates.
(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.
[An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2.]