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How is insurance regulated in Colorado? Colorado operates under a competitive, or file and use, rating system for property & casualty insurance. Over time this system has proven its ability to strike a balance between consumer protection and maintaining affordability and availability of insurance.

Unlike other states, Michigan has what is called a ?file and use? system. Under this ?file and use? system, an insurance company files its rates with the Department of Insurance and Financial Services and then simply charges those rates.

The initial fee for an individual independent adjuster license is $100, while the biennial renewal fee is $80. The initial fee for a business entity independent adjuster license is $220, while the biennial renewal fee is $200.

Commercial Line Products do have to be filed with the Alabama Insurance Department. Any rule and form submission can be submitted on a File and Use basis and any rate change less than an overall increase of +10% can be filed on a File and Use basis.

The deemer statute applies to any out of state driver who drives their car in New Jersey and gets into an accident. Therefore, the statute will apply to residents of Pennsylvania, New York, Delaware, Maryland, etc. However, the key under the statute is driving the insured vehicle in New Jersey.

File-and-use rating laws are regulations in the insurance industry that allow insurers to use new rates ahead of receiving approval from the state. File-and-use laws allow insurers to adjust rates without approval, however, state regulators are free to strike down changes that are seen as unjustified.