2006 - Action by commissioner on rate filings after waiting period.

     § 2006.  Action by commissioner on rate filings after waiting                period.        If, at any time after the waiting period or extension thereof     as provided in section 2003(a) (relating to waiting period for     filings), the commissioner finds that a rate filing does not     meet the requirements of applicable statutes governing the     establishment of rates or upon application by a person, other     than the insurer or rating organization that made the filing,     aggrieved by a rate filing for which the waiting period has     expired, the commissioner may hold a hearing upon not less than     ten days' written notice to every insurer or rating organization     which made the filing, specifying the matters to be considered     at the hearing. If, after the hearing, the commissioner finds     that the filing fails to meet the requirements of applicable     statutes governing the establishment of rates, he shall issue an     order specifying his findings and stating when, within a     reasonable period thereafter, the filing or portions thereof     shall be deemed no longer effective. The order shall be sent to     every affected insurer and rating organization. The order shall     not affect any contract or policy made or issued prior to the     expiration of the period set forth in the order.