SB383:

Credit life insurance and credit accident and sickness insurance; adjustment of rates.

Bill Summary:

Credit life insurance and credit accident and
sickness insurance; adjustment of rates; requirement for hearing.
Removes the requirement that the State Corporation Commission conduct
a hearing prior to determining the actual loss ratio for each form
of insurance and adjusting the prima facie rates. Under the bill,
after the Commission has determined the actual loss ratio and prima
facie rates, it will provide notice of such ratio and rates and provide
an opportunity for a hearing.