§ 27-7.1-24 - Transition. - Rhode Island Statutes

SECTION 27-7.1-24

   § 27-7.1-24  Transition. – Insurers and an advisory organization are not required to immediately refilerates previously approved. For five (5) years after July 7, 1998, any member orsubscriber of an advisory organization is authorized to continue to use allrates and deviations filed or approved for its use until the insurer makes itsown filing to change its rates, either by making an independent filing andadopting an advisory organization's approved prospective loss costs, ormodifications of those loss costs. No advisory organization shall file, and thedepartment of business regulation shall not accept a filing by an advisoryorganization, as to proposed changes in rates previously approved unless thefiling shall include relevant data through July 7, 2003.