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Section 407 - Cooperation among rating organizations and insurers

UT Code § 31A-19a-407 (2019) (N/A)
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(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.

(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.

(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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Section 407 - Cooperation among rating organizations and insurers