Prior approval of premium rates, procedure revised.
be amended to read as follows:
Premium rates charged for any individual accident and health insurance policy
issued pursuant to this chapter shall be filed with the director and are deemed approved at the
expiration of thirty days after the filing thereof unless disapproved by the director within the
thirty-day period. The director may disapprove individual accident and health insurance premium
rates which are not in compliance with the requirements of this chapter. The director shall send
written notice of such disapproval to the insurer. However, the director may approve the premium
rates before the thirty-day period expires by giving written notice of approval.
Premium rates for
health benefit plans that are being actively marketed and subject to the provisions of
are not subject to the prior approval requirements of this section but shall be filed in accordance
58-24-10, 58-24-13 to 58-24-19, inclusive, and 58-24-21 to 58-24-25, inclusive.