§ 58-66-30. Filing requirements; duties of the Commissioner.
§58‑66‑30. Filing requirements; duties of the Commissioner.
(a) No insurer maymake, issue, amend or renew any certificate or contract after the datesspecified in G.S. 58‑66‑35 for the applicable type of insuranceunless the certificate is in compliance with the provisions of G.S. 58‑66‑20and 58‑66‑25, and unless the certificate is filed with theCommissioner for this approval. The policy will be deemed approved 90 daysafter filing unless disapproved within the 90‑day period. TheCommissioner may not unreasonably withhold this approval. Any disapproval mustbe delivered to the insurer in writing and must state the grounds fordisapproval. Any certificate filed with the Commissioner must be accompanied bya certified Flesch scale readability analysis and test score and by theinsurer's certification that the policy is, in the insurer's judgment, readablebased on the factors specified in G.S. 58‑66‑20 and 58‑66‑25.
(b) The Commissionermust disapprove any certificate covered by subsection (a) of this section if hefinds that:
(1) It is notaccompanied by a certified Flesch scale analysis readability score of 50 ormore;
(2) It is notaccompanied by the insurer's certification that the certificate is, in thejudgment of the insurer, readable under the standards of this Article; or
(3) It does not complywith the format requirements of G.S. 58‑66‑20. (1979,2nd Sess., c. 1161, s. 1; 1995, c. 193, s. 57.)