383.037. Rates, requirements. - Missouri Statutes

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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)

State Codes and Statutes

Statutes > Missouri > T24 > C383 > 383_037

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)

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T24 > C383 > 383_037

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)