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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Last revised: Thursday, May 28, 2009