16a-4-203.   (UCCC) Filing and approval of rates and forms.(1) A creditor may not use a form or a schedule of premium rates orcharges, the filing of which is required by this section, if thecommissioner of insurance has disapproved the form or schedule and hasnotified the insurer of his disapproval. A creditor may not use a form orschedule unless

      (a)   the form or schedule has been on file with the commissioner ofinsurance for thirty (30) days, or has earlier been approved by him; and

      (b)   the insurer has complied with this section with respect to theinsurance.

      (2)   Except as provided in subsection (3), all policies, certificates ofinsurance, notices of proposed insurance, applications for insurance,endorsements and riders relating to consumer credit insurance delivered orissued for delivery in this state, and the schedules of premium rates orcharges pertaining thereto, shall be filed by the insurer with thecommissioner of insurance. Within thirty (30) days after the filing of anyform or schedule, he shall disapprove it if the premium rates or chargesare unreasonable in relation to the benefits provided under the form, or ifthe form contains provisions which are unjust, unfair, inequitable, ordeceptive, or encourage misrepresentation of the coverage, or are contraryto any provision of the insurance code or of any rule or regulationpromulgated thereunder.

      (3)   If a group policy has been delivered in another state, the forms tobe filed by the insurer with the commissioner of insurance are the groupcertificates and notices of proposed insurance. He shall approve them if

      (a)   they provide the information that would be required if the grouppolicy were delivered in this state; and

      (b)   the applicable premium rates or charges do not exceed thoseestablished by his rules or regulations.

      History:   L. 1973, ch. 85, § 75; Jan. 1, 1974.