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HB 64, 63rd Regular Session
Providing that insurers shall not issue or renew motor vehicle insurance policies at premium rates greater or lesser than those rates promulgated by the Board as just, reasonable, adequate and not excessive for the risks to which they respectively apply, with certain exceptions; providing the procedures whereby insurers may obtain Board approval to write motor vehicles insurance at rates and classifications different from those promulgated by the Board; setting up procedures for the revocation, suspension, and automatic termination of such approved lesser or greater rates; relating to approval or denial of rate applications and use or rates; containing a severability clause; providing for the resolution of ambiguities and conflicts; providing for control of conflicts with other laws; and declaring an emergency.
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