§ 27-6-16. Review of rates not provided for by filings.
Within ten (10) days after any insurer has made or issued a contract or policy at a rate or premium other than as provided for by any filing made with the commissioner by or in its behalf, the insurer shall notify the commissioner in writing of that action in any form the commissioner may require. The commissioner shall review the notice as soon as reasonably possible after it has been received, in order to determine whether the contract or policy has been written at a rate or premium that meets the requirements of this chapter. When the notice is not accompanied by the information upon which the insurer supports the rate or premium, and the commissioner does not have sufficient information to determine whether the rate or premium meets the requirements of the chapter, the commissioner shall require the insurer to furnish within ten (10) days after receipt of the notice of that requirement, the information upon which it supports the rate or premium. Unless, within thirty (30) days after receipt of the notice or supporting information, the commissioner shall issue an order following a hearing, as provided in § 27-6-19, the rate or premium charged for the contract or policy shall be deemed to meet the requirements of this chapter; provided, that all contract and policies issued under the provisions of this section shall state that the rate or premium charged has not been reviewed by the commissioner and that it is subject to disapproval or modification as of the effective date of the contracts or policies.
History of Section.P.L. 1948, ch. 2088, § 4; G.L. 1956, § 27-6-16.
Structure Rhode Island General Laws
Chapter 27-6 - Fire and Marine Insurance Rating
Section 27-6-2. - Applicability.
Section 27-6-3. - Insurers to which chapter applicable — Election between applicable laws.
Section 27-6-4. - Considerations in rate making.
Section 27-6-5. - Uniformity of rates.
Section 27-6-6. - Contracts as to commissions or compensation.
Section 27-6-6.1. - Approval of policies.
Section 27-6-7. - Use of rates.
Section 27-6-8. - Filing of rate schedules and plans.
Section 27-6-8.1. - Rating for nonbusiness policies.
Section 27-6-8.2. - Premium reduction for fire code safety prevention.
Section 27-6-9. - Filings by rating organizations.
Section 27-6-10. - Review of filings.
Section 27-6-11. - Waiting period — Effective date of filings.
Section 27-6-12. - Effective date of inland marine rates.
Section 27-6-13. - Suspension or modification of requirements — Examinations as to fairness.
Section 27-6-14. - Rates on specific risks exceeding filed rates.
Section 27-6-15. - Compliance with rate filings required.
Section 27-6-16. - Review of rates not provided for by filings.
Section 27-6-17. - Notice of disapproval within waiting period.
Section 27-6-18. - Disapproval of specific inland marine rates.
Section 27-6-21. - Competitive rates as evidence of fairness — Profit as evidence of adequacy.
Section 27-6-22. - Filed schedules and plans not to be disapproved if rates meet requirements.
Section 27-6-23. - Licensing of rating organizations.
Section 27-6-24. - Admission of and services to subscribers.
Section 27-6-27. - Examination of policies and records by rating organizations.
Section 27-6-28. - Actuarial and technical services furnished by rating organizations.
Section 27-6-29. - Adherence to rating organization filings — Deviation filings.
Section 27-6-30. - Appeals from action of rating organization on changes in filings.
Section 27-6-31. - Rate information furnished to insured.
Section 27-6-32. - Review of application of rating system to insured.
Section 27-6-33. - “Advisory organization” defined.
Section 27-6-34. - Documents filed by advisory organizations.
Section 27-6-35. - Unlawful practices of advisory organizations.
Section 27-6-36. - Use of information from noncomplying advisory organization.
Section 27-6-37. - Provisions applicable to joint underwriting and reinsurance.
Section 27-6-38. - Unlawful practices of joint underwriters or reinsurers.
Section 27-6-40. - Reports on examinations — Hearing and filing.
Section 27-6-41. - Collection and compilation of experience statistics.
Section 27-6-42. - Interchange of rating plan data.
Section 27-6-43. - Cooperation with other states.
Section 27-6-44. - Rules and regulations.
Section 27-6-45. - False or misleading information.
Section 27-6-46. - [Repealed.]
Section 27-6-47. - Penalty for violations.
Section 27-6-48. - Suspension or revocation of licenses.
Section 27-6-49. - Hearings on decisions of commissioner.
Section 27-6-50. - Pleadings and evidence at hearings.
Section 27-6-51. - Judicial review of orders and decisions.