Pennsylvania law 75 Pa.C.S. §§ 2004-2005 outlines the procedures the Insurance Commissioner follows when reviewing rate filings. It details the approval, disapproval, and effective dates of rate changes, as well as the process for insurers to request hearings if they disagree with the commissioner's decisions made without a hearing.
The commissioner may approve, disapprove, or schedule a hearing on the rate filing within the waiting period or its extension.
No, if a hearing is scheduled, the rate cannot become effective until the adjudication is issued after the hearing.
They can request a hearing within 30 days of receiving notice, and the commissioner must hold the hearing within 30 days.
The commissioner must affirm, reverse, or modify the previous action within 30 days after the hearing concludes.