May, 2004
State-By-State Summary
Summary: Each state regulates insurers' rates in different ways. Some require prior approval of rates, while others employ a file-and-use system. Under this type of system, an insurer may use its rates as soon as they are filed. Other states use a subsequent disapproval system with a deemer period. Under such a system, rates are automatically approved if they are not disapproved within a certain period of time (the deemer period). Still other states have open rating laws, with no control. Citations to the states' codes appear in parentheses below the state name.
Jurisdictions covered:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
(27-13-30)
If rates are not disapproved within thirty days after filing, they are deemed approved.
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