Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 121.00 - Procedures Concerning Rate Filings Made Pursuant To M.g.l. C. 176k, And The Conduct Of Hearings On Such Filings
Section 121.14 - Decision
Current through Register 1531, September 27, 2024
(1) The Presiding Officer's decision shall be in writing or stated on the record no more than 30 days following the conclusion of the Proceeding as prescribed by 211 CMR 121.10(8). The Presiding Officer shall notify all Parties of the decision, of their right to appeal it, and of the time within which to appeal.
(2) Filed rates that are approved may be effective no earlier than 30 days after approval. For a filed rate that is disapproved, the Presiding Officer may indicate an alternative rate or component, if any, that he or she would find to be reasonable. The Filer may then make a Revised Rate Filing that incorporates the rate or rate components that the Presiding Officer indicated would be reasonable.
(3) The submission and approval of a revised Rate Filing will not affect the Filer's right to appeal the disapproval of any elements of its Rate Filing.