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Utah Code Title 31A. Insurance Code § 31A-19a-407. Cooperation among rating organizations and insurers

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) Notwithstanding Section 31A-19a-305, rate service organizations and insurers may cooperate with each other in rate-making or in other matters within the scope of this part.

(2)(a) The commissioner may review the cooperative activities and practices permitted under Subsection (1).

(b) If, after a hearing, the commissioner finds any of the cooperative activities or practices permitted under Subsection (1) to be unfair, unreasonable, or otherwise inconsistent with the law, the commissioner may issue an order:

(i) specifying in what respects the activity or practice is unfair, unreasonable, or otherwise inconsistent with the law; and

(ii) requiring the persons or entities involved to discontinue the activity or practice.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-19a-407. Cooperation among rating organizations and insurers - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-19a-407/

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