§431:14-103.3 - Rate adjustment mandates.
[§431:14-103.3 Rate adjustment mandates.] (a) Except as otherwise provided by law, the commissioner may mandate insurersto submit new filings for any type of insurance under section 431:14-102 whenthe commissioner has actuarially sound information that current rates may beexcessive, inadequate, or unfairly discriminatory.
(b) Insurers shall submit the new rate filingswithin one hundred twenty days of the commissioner's mandate.
(c) The new rate filings shall be subject tothe rate filing requirements under section 431:14-104. [L 1998, c 117,§1]