HERBERT R. O'CONOR, GOVERNOR. 1399

vestigation is being made, and in the case of fire insurance
rates, to the experience of the fire insurance business during
a period of not less than five years next preceding the year in
which the review is made.

Any reduction or increase of rates ordered by the Commis-
sioner shall be applied by every rating organization so di-
rected within sixty days, but shall become effective solely to
such insurance as is written having an inception date on and
after the date of such approval.

9. (Pools, Groups or Associations. ) Any insurer individu-
ally or as a member of a pool, group or association engaged
in the business of insuring special types or classes of risks
in connection with which a particular inspection or engineer-
ing service or set of standards has been maintained, and with
respect only to such types or classes of risks, may submit
loss experience data and negotiate with the Commissioner of
Insurance for the approval of rates, forms and plans of opera-
tion either directly in its own behalf or through a unified
facility of the group created and maintained entirely or in
part for such a purpose. In evaluating the forms, schedule
of rates and plan of operation of such an insurer or pool or
group or association of insurers the regulatory authority shall
act with due regard for the previous record of such insurer
or group of insurers, and with due appreciation of previous
and prospective loss trends in this State and outside of this
State, and to any other factors reasonably related to the
classes or types of insurance written by such insurer or group
of insurers.

10. (Hearings. ) The Insurance Commissioner shall not
make any rule, regulation or order under the provisions of
this Act without giving the insurers, rating organizations, or
others who may be affected thereby reasonable notice and a
hearing if hearing is requested. All hearings provided for
in this Act shall be held at such time and place as shall be
designated in a notice which shall be given by the Commis-
sioner of Insurance in writing to the rating organizations, in-
surers or the officers and agents and representatives thereof
which may be affected thereby at least thirty days before the
date designated therein.

At the conclusion of such hearing, or within thirty days
thereafter, the Commissioner of Insurance shall enter such
order or orders as he may deem necessary in accordance with
his finding. Within thirty days after receiving written notice
of any such order or finding1, any person affected thereby may
request a rehearing or review thereof before the Commissioner
of Insurance by filing a written request setting forth a sum-