Rates for automobile insurance
267.2(1)Every insurer shall file with the Board the rates it proposes to charge for automobile insurance at least once every 12 months from the date of last filing.
267.2(1.1)When an insurer files rates under subsection (1), it shall
(a)
provide to the Board any information required by the Board, the Superintendent or the regulations, and
(b)
specify the date on which it proposes to begin to charge those rates.
267.2(1.2)The date specified under paragraph (1.1)(b) shall be no less than thirty days after the insurer files the rates in accordance with subsections (1) and (1.1).
267.2(2)Except as otherwise provided in section 267.5, an insurer may charge the rates filed in accordance with this section as of the date specified under paragraph (1.1)(b).
1975, c.81, s.2; 1997, c.46, s.3; 2003, c.22, s.5; 2003, c.29, s.4; 2004, c.36, s.17