How much time does TDI have to approve or modify the rates filed with the initial rate filings?
A. For insurer groups with 2002 residential property insurance annual premium volume of $10 million or more, TDI has until August 10, 2003 (60 days after the effective date of the bill) to approve or modify filed rates or the rates are deemed approved. For insurer groups with premium volume of less than $10 million, TDI has until September 9, 2003 (90 days after the effective date of the bill) to approve or modify filed rates or the rates are deemed approved.
Related Questions
- I have different nightly rental rates depending on the time of the year. What rate should I put in the nightly rate box for my property?
- How much time does TDI have to approve or modify the rates filed with the initial rate filings?
- The rate sounds great, but how do I know it wont change by the time we close?
