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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

  Chapter 383back to chapter 383

  383.037.  Rates, requirements. — The rates made by each association licensed pursuant to sections 383.010 to 383.040 shall be subject to the following provisions:

  (1)  Rates shall not be excessive or inadequate, nor shall they be unfairly discriminatory;

  (2)  No rate shall be held to be excessive unless such rate is unreasonably high for the insurance provided with respect to the classification to which such rate is applicable;

  (3)  No rate shall be held to be inadequate unless such rate is unreasonably low for the insurance provided with respect to the classification to which such rate is applicable.

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(L. 1992 S.B. 831)


< end of effective 28 Aug 1992 >

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