D.C. Mun. Regs. tit. 26, r. 26-A4105

Current through Register 71, No. 45, November 7, 2024
Rule 26-A4105 - APPROVAL OR DISAPPROVAL OF RATES
4105.1

Unless the Commissioner finds that a filing does not meet the requirements of this chapter, or is otherwise contrary to other applicable law, the Commissioner shall approve the filing.

4105.2

If the Commissioner approves a filing prior to the waiting period in subsection 4105.4, or disapproves a filing, such action must be made in writing.

4105.3

If the Commissioner disapproves a filing, the Commissioner shall specify how the filing fails to meet the requirements of this chapter or is otherwise contrary to other applicable law.

4105.4

If a filing is not disapproved by the Commissioner within thirty (30) days after the date of filing, or within forty-five (45) days after the date of filing if the Commissioner extends the waiting period in writing during the initial thirty (30) day period, the filing is deemed approved and the effective date of the filing is the end of the thirty (30) day or forty-five (45) day waiting period.

4105.5

The Commissioner shall have the authority to investigate and hold a hearing to review rate filings on the same basis as, and in accordance with, the provisions found in § 4 of An Act To provide regulation of certain insurance rates in the District of Columbia, and for other purposes, approved May 20, 1948 (D.C. Official Code § 31-2704; 62 Stat. 243).

4105.6

In determining the necessity for an adjustment of title insurance rates, the Commissioner shall be bound by the provisions of this chapter or other applicable law.

D.C. Mun. Regs. tit. 26, r. 26-A4105

Notice of Emergency and Proposed Rulemaking published at 57 DCR 12276 (December 24, 2010)[EXPIRED]; as amended by Notice of Final Rulemaking published at 58 DCR 2487, 2489 (March 18, 2011)
Authority: The Acting Commissioner of the Department of Insurance, Securities and Banking, pursuant to the authority set forth in section 2164 of the Fiscal Year 2011 Budget Support Act of 2010, effective September 24, 2010 (D.C. Law 18-223; 57 DCR 6242) ("Title" Insurance Insurer Act of 2010).