83-23-131 - Recognition of assessments in rates.
§ 83-23-131. Recognition of assessments in rates.
The rates and premiums charged for insurance policies to which this article applies may include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. Such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Sources: Codes, 1942, § 5814-66; Laws, 1970, ch. 446, § 16, eff from and after passage (approved April 6, 1970).