D.__If at any time the superintendent has reason to believe |
that a filing does not meet the requirements that rates not |
be excessive, inadequate or unfairly discriminatory or that |
the filing violates any of the provisions of chapter 23, the |
superintendent shall cause a hearing to be held.__Hearings |
held under this section must conform to the procedural |
requirements set forth in Title 5, chapter 375, subchapter |
4.__The superintendent shall issue an order or decision |
within 30 days after the close of the hearing or of any |
rehearing or reargument or within such other period as the |
superintendent for good cause may require, but not to exceed |
an additional 30 days.__In the order or decision, the |
superintendent shall either approve or disapprove the rate |
filing.__If the superintendent disapproves the rate filing, |
the superintendent shall establish the date on which the |
filing is no longer effective, specify the filing the |
superintendent would approve and authorize the insurer to |
submit a new filing in accordance with the terms of the |
order or decision. |