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Insurance Code | |
Utah Rate Regulation Act | |
Section 407 | Cooperation among rating organizations and insurers |
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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. (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.
Enacted by Chapter 130, 1999 General Session |
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