WM. PRESTON LANE, JR., GOVERNOR. 1249

in this Act or in accordance Avith paragraphs (f) and (g) of
this sub-section, provided, that filings which have become
effective under Section 140A of Article 48A and licenses issued
to rating organizations in accordance with said section shall
remain in effect subject to the provisions of this Act.

5—DISAPPROVAL OF FILINGS.

(a) If within the waiting period or any extension thereof as
provided in paragraph (d) of Sub-section 4, the commissioner
finds that a filing does not meet the requirements of this Act,
he shall send to the insurer or rating organization which made
such filing written notice of disapproval of such filing specify-
ing therein in what respects he finds such filing fails to meet
the requirements of this Act and stating that such filing shall
not become effective.

(b) If within thirty days after a special surety or guaranty
filing subject to paragraph (e) of Sub-section 4 has become
effective, the commissioner finds that such filing does not
meet the requirements of this Act, he shall send to the insurer
or rating organization which made such filing written notice
of disapproval of such filing specifying therein in what re-
spects he finds that such filing fails to meet the requirements
of this Act and stating when, within a reasonable period
thereafter, such filing shall be deemed no longer effective. Said
disapproval shall not affect any contract made or issued prior
to the expiration of the period set forth in said notice.

(c) If at any time subsequent to the applicable review
period provided for in paragraph (a) or (b) of this sub-sec-
tion, the commissioner finds that a filing does not meet the
requirements of this "Act, he shall, after a hearing held upon
not less than ten days' written notice, specifying the matters
to be considered at such hearing, to every insurer and rating
organization which made such filing, issue an order specifying
in what respects he finds that such filings fail to meet the
requirements of this Act, and stating when, within a reason-
able period thereafter, such filing shall be deemed no longer
effective. Copies of said order shall be sent to every such
insurer and rating organization. Said order shall not affect
any contract or policy made or issued prior to the expiration
of the period set forth in said order.

(d) Any person or organization aggrieved with respect to
any filing which is in effect may make written application to
the commissioner for a hearing thereon, provided, however,
that the insurer or rating organization that made the filing
shall not be authorized to proceed under this paragraph.
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