31A-19a-407 - Cooperation among rating organizations and insurers - Utah Statutes

31A-19a-407. Cooperation among rating organizations and insurers
(1) Notwithstanding Section 31A-19a-305, rate service organizations and insurers maycooperate 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 permittedunder Subsection (1).
(b) If, after a hearing, the commissioner finds any of the cooperative activities orpractices permitted under Subsection (1) to be unfair, unreasonable, or otherwise inconsistent withthe law, the commissioner may issue an order:
(i) specifying in what respects the activity or practice is unfair, unreasonable, orotherwise inconsistent with the law; and
(ii) requiring the persons or entities involved to discontinue the activity or practice.

Enacted by Chapter 130, 1999 General Session