Section 12:1860 - Rates; filing; review of rate determinationA. The fund shall file rates on an actuarially justified basis with the department and may use the rates ninety days after the date of the filing, unless the department disapproves the use of these rates within the ninety-day period.B. The fund shall provide a reasonable procedure for any member aggrieved by the fund to request in written form a review of the application of the rating system for the coverage afforded by the fund. The fund may grant or deny the request in written form within thirty days after receipt of the request. If the fund rejects a request or fails to grant or reject a request within the thirty-day period, the member may appeal to the division of administrative law for a hearing in accordance with the provisions of the Administrative Procedure Act within thirty days after expiration of the thirty-day period. After the hearing, the administrative law judge may affirm, modify, or reverse the action taken by the fund.La. Corporations and Associations § 12:1860
Added by Acts 2023, No. 259, §§1, 3A, eff. June 12, 2023.