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 or
charges, the filing of which is required by this section, if the
commissioner of insurance has disapproved the form or schedule and has
notified the insurer of his disapproval. A creditor may not use a form or
schedule unless
(a) the form or schedule has been on file with the commissioner of
insurance for thirty (30) days, or has earlier been approved by him; and
(b) the insurer has complied with this section with respect to the
insurance.
(2) Except as provided in subsection (3), all policies, certificates of
insurance, notices of proposed insurance, applications for insurance,
endorsements and riders relating to consumer credit insurance delivered or
issued for delivery in this state, and the schedules of premium rates or
charges pertaining thereto, shall be filed by the insurer with the
commissioner of insurance. Within thirty (30) days after the filing of any
form or schedule, he shall disapprove it if the premium rates or charges
are unreasonable in relation to the benefits provided under the form, or if
the form contains provisions which are unjust, unfair, inequitable, or
deceptive, or encourage misrepresentation of the coverage, or are contrary
to any provision of the insurance code or of any rule or regulation
promulgated thereunder.
(3) If a group policy has been delivered in another state, the forms to
be filed by the insurer with the commissioner of insurance are the group
certificates and notices of proposed insurance. He shall approve them if
(a) they provide the information that would be required if the group
policy were delivered in this state; and
(b) the applicable premium rates or charges do not exceed those
established by his rules or regulations.
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 or
charges, the filing of which is required by this section, if the
commissioner of insurance has disapproved the form or schedule and has
notified the insurer of his disapproval. A creditor may not use a form or
schedule unless
(a) the form or schedule has been on file with the commissioner of
insurance for thirty (30) days, or has earlier been approved by him; and
(b) the insurer has complied with this section with respect to the
insurance.
(2) Except as provided in subsection (3), all policies, certificates of
insurance, notices of proposed insurance, applications for insurance,
endorsements and riders relating to consumer credit insurance delivered or
issued for delivery in this state, and the schedules of premium rates or
charges pertaining thereto, shall be filed by the insurer with the
commissioner of insurance. Within thirty (30) days after the filing of any
form or schedule, he shall disapprove it if the premium rates or charges
are unreasonable in relation to the benefits provided under the form, or if
the form contains provisions which are unjust, unfair, inequitable, or
deceptive, or encourage misrepresentation of the coverage, or are contrary
to any provision of the insurance code or of any rule or regulation
promulgated thereunder.
(3) If a group policy has been delivered in another state, the forms to
be filed by the insurer with the commissioner of insurance are the group
certificates and notices of proposed insurance. He shall approve them if
(a) they provide the information that would be required if the group
policy were delivered in this state; and
(b) the applicable premium rates or charges do not exceed those
established by his rules or regulations.
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 or
charges, the filing of which is required by this section, if the
commissioner of insurance has disapproved the form or schedule and has
notified the insurer of his disapproval. A creditor may not use a form or
schedule unless
(a) the form or schedule has been on file with the commissioner of
insurance for thirty (30) days, or has earlier been approved by him; and
(b) the insurer has complied with this section with respect to the
insurance.
(2) Except as provided in subsection (3), all policies, certificates of
insurance, notices of proposed insurance, applications for insurance,
endorsements and riders relating to consumer credit insurance delivered or
issued for delivery in this state, and the schedules of premium rates or
charges pertaining thereto, shall be filed by the insurer with the
commissioner of insurance. Within thirty (30) days after the filing of any
form or schedule, he shall disapprove it if the premium rates or charges
are unreasonable in relation to the benefits provided under the form, or if
the form contains provisions which are unjust, unfair, inequitable, or
deceptive, or encourage misrepresentation of the coverage, or are contrary
to any provision of the insurance code or of any rule or regulation
promulgated thereunder.
(3) If a group policy has been delivered in another state, the forms to
be filed by the insurer with the commissioner of insurance are the group
certificates and notices of proposed insurance. He shall approve them if
(a) they provide the information that would be required if the group
policy were delivered in this state; and
(b) the applicable premium rates or charges do not exceed those
established by his rules or regulations.