383.037 Rates, requirements.

383.037. Rates, requirements. — 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; (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. (L. 1992 S.B. 831)