383.037. Rates, requirements.
Rates, requirements.
383.037. The rates made by each association licensedpursuant to sections 383.010 to 383.040 shall be subject to thefollowing provisions:
(1) Rates shall not be excessive or inadequate, nor shallthey be unfairly discriminatory;
(2) No rate shall be held to be excessive unless such rateis unreasonably high for the insurance provided with respect tothe classification to which such rate is applicable;
(3) No rate shall be held to be inadequate unless such rateis unreasonably low for the insurance provided with respect tothe classification to which such rate is applicable.
(L. 1992 S.B. 831)