Regulation of Rating Laws-Archived

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.

Alabama

(27-13-30)

If rates are not disapproved within thirty days after filing, they are deemed approved.

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