Exam DISC-IA Practice Question 252
Study guide: Exam DISC-IA
A state regulates homeowners rates under a prior approval law with a 30-day deemer provision. An insurer files a rate increase, and the insurance department neither approves nor disapproves it. When may the insurer use the new rates?
- A) On the day it files them, because the department retains the right to disapprove them later
- B) Within a set period before filing, as long as it files them afterward
- C) Never, because a prior approval law requires the department's written approval
- D) Once 30 days have passed without a denial, when the filing is deemed approved
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