§431:14-120  Additional powers for workers'
compensation rate filing and ratemaking.  (a)  The commissioner
shall review filings as soon as reasonably possible after they have been made
to determine whether they meet the requirements of this article.



(b)  Except as provided herein, each filing
shall be on file for a waiting period of ninety days before the filing becomes
effective.  The period may be extended by the commissioner for an additional
period not to exceed fifteen days if the commissioner gives written notice
within the waiting period to the insurer, rating organization, or advisory
organization that made the filing that the commissioner needs the additional
time for the consideration of the filing.  Upon the written application by the
insurer, rating organization, or advisory organization, the commissioner may
authorize a filing which the commissioner has reviewed to become effective
before the expiration of the waiting period or any extension thereof.  A filing
shall be deemed to meet the requirements of this article unless disapproved by
the commissioner within the waiting period or any extension thereof.



(c)  The commissioner may institute proceedings
for appropriate relief including but not limited to proceedings to roll back
current rates whenever it appears to the commissioner that an insurer or other
interested persons regulated by this article affecting workers' compensation
insurance rates has:



(1)  Violated or failed to comply with any provisions
of this part or of any state or federal law;



(2)  Failed to comply with any rule, regulation, or
other requirement of any other state or federal agency which affects workers'
compensation insurance rates;



(3)  Failed to comply with any provision of its
charter or franchise;



(4)  Set or applied any rates, classification,
charges, or rules affecting workers' compensation insurance that are
unreasonable or are unreasonably discriminatory;



(5)  Failed to give appropriate consideration to
investment income earned or realized by insurers, including investment income
earned from unearned premium and loss reserve funds in making rates; or



(6)  Failed to recognize good safety performance
records of employers in setting premium rates and levels. [L 1987, c 347, pt of
§2; am L 1997, c 81, §2; am L 1998, c 71, §3; am L 2000, c 264, §2]