Insurance Law 2322 — Legislation
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SECTION 2321
Enforcement and penalties; where prior approval is required
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ARTICLE 23
Property/casualty Insurance Rates
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SECTION 2323
Profitability and rates of return; where prior approval is not required
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SECTION 2322
Final determination; procedure on orders without hearing
Insurance (ISC) CHAPTER 28, ARTICLE 23
§ 2322. Final determination; procedure on orders without hearing. (a)
After a final determination against an insurer, the amount of any
overcharge received by such insurer during the pendency of the
proceedings, with interest thereon, shall upon demand be refunded by the
insurer to the persons entitled thereto.
(b) Any insurer or rate service organization to which the
superintendent has directed an order made without a hearing may, within
thirty days after notice to it of the order, make written request to the
superintendent for a hearing. Pending a hearing and a decision
affirming, reversing or modifying his previous action, the
superintendent may suspend or postpone the effective date of his
previous action.