40-972. Same; procedure; duties of commissioner.
160 words·~1 min read·
/ks/chapter-40/40-972A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-972. Same; procedure; duties of commissioner.
(a)Any filing submitted pursuant to K.S.A. 40-970 , and amendments thereto, shall be deemed to comply with state law unless the commissioner determines that the filing is inadequate or unfairly discriminatory. If the commissioner determines that the filing is inadequate or unfairly discriminatory, the commissioner shall issue a written order specifying in detail:
(1)Each provision of Chapter 40 of the Kansas Statutes Annotated, and acts amendatory thereof and supplemental thereto, the insurer has violated;
(2)the reasons the filing is inadequate or unfairly discriminatory; and
(3)stating a reasonable future date on which the filing shall be considered no longer effective.
(b)If the commissioner issues an order pursuant to this section more than 30 days after the date on which the commissioner received the rate filing, the effect of such order shall be prospective only and shall not affect any contract issued or made before the effective date of such order.