31A-19a-407.
125 words·~1 min read·
/ut/title-31a/chapter-19a/31a-19a-407·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31A-19a-407. Cooperation among rating organizations and insurers
(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.
(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.
Enacted by Chapter 130 , 1999 General Session