Utah Admin. Code R590-91-11 - Rating Procedures for Direct Business Only
(1) An insurer may file for approval and use
a rate that is higher than a prima facie rate if the higher rate is expected to
produce a minimum loss ratio that Section
31A-22-807
requires.
(2) An insurer may use a
rate that is lower than the insurer's filed rate without notifying the
commissioner.
Notes
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No prior version found.