The rates made by each association licensed pursuant to sections 383.010 to 383.040 shall be subject to the following provisions:

(1) Rates shall not be excessive or inadequate, nor shall they be unfairly discriminatory;

Terms Used In Missouri Laws 383.037

  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020

(2) No rate shall be held to be excessive unless such rate is unreasonably high for the insurance provided with respect to the classification to which such rate is applicable;

(3) No rate shall be held to be inadequate unless such rate is unreasonably low for the insurance provided with respect to the classification to which such rate is applicable.

  Previous section
Next section  
 Chapter 383 Contents