A rate filing may be deemed to meet the requirements of this chapter and other applicable statutes governing the establishment of rates unless disapproved or scheduled for a formal administrative hearing by the commissioner within the waiting period or any extensions thereof as provided in section 2003(a) (relating to waiting period for filings). The filing shall not become effective unless the department receives written notice of the insurer's or rating organization's intent to exercise the right granted under this section at least ten calendar days prior to the effective date.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 20 - Motor Vehicle Insurance Rate Review Procedures
Section 2001 - Short title of chapter
Section 2002 - Scope of chapter
Section 2003 - Waiting period for filings
Section 2004 - Action by commissioner on rate filings within waiting period
Section 2005 - Review of action of commissioner taken without hearing
Section 2006 - Action by commissioner on rate filings after waiting period
Section 2007 - Deemed approvals