44-7512 Disapproval of subjective aspects of rating systems in effect prior to January 1, 2001. - Nebraska Statutes

44-7512. Disapproval of subjective aspects of rating systems in effect prior to January 1, 2001.No later than January 1, 2001, the director shall adopt and promulgate rules and regulations to disapprove subjective rating criteria effective January 1, 2001, in order to bring rating systems in compliance with the Property and Casualty Insurance Rate and Form Act. The rules and regulations shall require the refiling of rating systems for insurers and filings when refiling is unavoidable to meet the requirements of the act, but shall attempt to minimize the number of rating systems that must be refiled. The rules and regulations may allow insurers to indicate in a written statement filed with the director that the insurer will discontinue use of subjective rating criteria effective January 1, 2001. SourceLaws 2000, LB 1119, § 12.