33-16-1027. Rate filing review. (1) The commissioner shall review each insurance filing to ensure compliance with the following guidelines:
(a) The effective date of each workers' compensation insurer or advisory organization filing must be the date specified in the filing. The effective date of the filing may not be earlier than 30 days after the date on which the filing is received by the commissioner or the date of receipt of the information furnished in support of the filing, if the supporting information is required by the commissioner.
(b) Upon written application of the insurer or advisory organization, the commissioner may authorize a filing that becomes effective before the expiration of the period described in subsection (1)(a).
(c) A filing is considered to have met the requirements of this part unless disapproved by the commissioner within the period described in subsection (1)(a) or any extension of the period.
(2) Whenever a filing is not accompanied by the information required under this section, the commissioner shall inform the filer of the deficiency within 30 days of the initial filing. The filing is considered made when the required information is furnished or when the filer certifies to the commissioner that the additional information requested by the commissioner is not maintained or cannot be provided.
History: En. Sec. 9, Ch. 186, L. 1995; amd. Sec. 23, Ch. 531, L. 1997.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 16. Rates -- Rating and Advisory Organizations
Part 10. Workers' Compensation Rates and Advisory Organizations
33-16-1001. Declaration of policy and purpose
33-16-1002. Applicability of part
33-16-1003. Certain reciprocal insurers excluded
33-16-1007. Renumbered 33-16-1011
33-16-1009. and 33-16-1010 reserved
33-16-1011. Classification review committee -- membership -- term
33-16-1012. Functions and powers of classification review committee -- hearings -- rulemaking
33-16-1013. through 33-16-1019 reserved
33-16-1020. Competitive market -- hearing
33-16-1021. Ratemaking standards -- review by commissioner
33-16-1022. Dividends -- regulation or prohibition
33-16-1023. Membership in advisory organization
33-16-1027. Rate filing review
33-16-1028. Improper rates -- hearing
33-16-1029. Restrictions on certain insurers -- waiting period
33-16-1030. Delay of rates in noncompetitive market
33-16-1032. Acts reducing competition prohibited
33-16-1033. Advisory organization -- permitted activity
33-16-1034. Advisory organization -- prohibited activity