Casualty Insurance Rating
§ 27-9-17 Disapproval of special surety or
If, within thirty (30) days after a special surety or guaranty filing subject
to § 27-9-11 has become effective, the commissioner finds that the filing
does not meet the requirements of this chapter, the commissioner shall send to
the insurer or rating organization which made the filing written notice of
disapproval of the filing specifying in the notice in what respects he or she
finds that the filing fails to meet the requirements of this chapter and
stating when, within a reasonable period after this, the filing shall be deemed
no longer effective. That disapproval shall not affect any contract made or
issued prior to the expiration of the period set forth in the notice.
History of Section.
(P.L. 1948, ch. 2089, § 5; G.L. 1956, § 27-9-17.)