2011 Hawaii Code
DIVISION 2. BUSINESS
TITLE 24. INSURANCE
431. Insurance Code
§431 14-103.3 Rate adjustment mandates.
[§431:14-103.3 Rate adjustment mandates.] (a) Except as otherwise provided by law, the commissioner may mandate insurers to submit new filings for any type of insurance under section 431:14-102 when the commissioner has actuarially sound information that current rates may be excessive, inadequate, or unfairly discriminatory.
(b) Insurers shall submit the new rate filings within one hundred twenty days of the commissioner's mandate.
(c) The new rate filings shall be subject to the rate filing requirements under section 431:14-104. [L 1998, c 117, §1]
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