Section 11-216 - Use of territory as a rate determining factor.
§ 11-216. Use of territory as a rate determining factor.
An insurer that uses territory as a factor in establishing automobile insurance rates shall submit a statement to the Commissioner certifying that:
(1) the territories used by the insurer have been reviewed within the previous 3 years; and
(2) use of the territories is actuarially justified.
[2006, ch. 410.]