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Can a Lloyds insurer which currently offers tiered rates still offer tiers under the new law?

April 26, 2017Currently insurer Law lloyds Offer offers rates tiered Tiers

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Can a Lloyds insurer which currently offers tiered rates still offer tiers under the new law?

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A. Yes, however rates may not be excessive, inadequate, unreasonable, or unfairly discriminatory for the risks to which they apply. All tier structures shall be subject to the applicable standards of SB 14.