file-and-use state


A state which does not require insurance companies to receive approval for a new insurance rate before it is sent to the public, but which does require the company to send the rate adjustment to the state insurance board for filing.

Use file-and-use state in a sentence

You should always know whether you are in a file-and-use state and do things appropriately if you are in one.

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My boss sent me to Nevada to negotiate the new insurance rate we would charge, but made clear before I left that we did not need regulatory approval because it is a file-and-use state.

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rating bureau modified prior approval state