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22.0216 Rate-change procedure.

Cite as [A.S.A.C. § 22.0216]

No policy shall be endorsed in term to effect a change of premium rates. Such change may be effected only by cancellation of the policy on a short rate basis and rewriting for an annual term, or such other term as may be required by law or rule, on the basis of a new, signed application.

History: Rule 5-78, eff 28 Jun 78. § 7.