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Session Laws, 1949
Volume 590, Page 1243   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1243

such rules and plans, the commissioner shall give due con-
sideration to the rating systems on file with him and, in order
that such rules and plans may be as uniform as is practicable
among the several states, to the rules and to the form of the
plans used for such rating systems in other states. No insurer
shall be required to record or report its loss experience on a
classification basis that is inconsistent with the rating system
filed by it. The commissioner may designate one or more
rating organizations or other agencies to assist him in gather-
ing such experience and making compilations thereof, and
such compilations shall be made available, subject to reason-
able rules promulgated by the commissioner, to insurers and
rating organizations.

(b) (Interchange of Rating Plan Data. ) Reasonable rules
and plans may be promulgated by the commissioner for the
interchange of data necessary for the application of rating
plans.

(c) (Consultation With Other States. ) In order to further
uniform administration of rate regulatory laws, the commis-
sioner and every insurer and rating organization may ex-
change information and experience data with insurance super-
visory officials, insurers and rating organizations in other
states and may consult with them with respect to rate making
and the application of rating systems.

(d) (Rules and Regulations. ) The commissioner may make
reasonable rules and regulations necessary to effect the pur-
poses of this Act.

14. FALSE OR MISLEADING INFORMATION.

No person or organization shall wilfully withhold informa-
tion from, or knowingly give false or misleading information
to, the commissioner, any statistical agency designated by
the commissioner, any rating organization, or any insurer,
which will affect the rates or premiums chargeable under this
Act. A violation of this sub-section shall subject the one
guilty of such violation to the penalties provided in Sub-sec-
tion 15 of this Act.

15. PENALTIES.

The commissioner may, if he finds that any person or organ-
ization has violated any provisions of this Act, impose a pen-
alty of not more than fifty dollars ($50) for each such viola-
tion, but if he finds such violation to be wilful he may impose
a penalty of not more than five hundred dollars ($500) for
each such violation. Such penalties may be in addition to
any other penalty provided by law.

 

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Session Laws, 1949
Volume 590, Page 1243   View pdf image (33K)
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