file-and-use laws

Definition of "file-and-use laws"
  1. State regulations that require insurance companies to file their rate plans with the state's insurance department before implementing them without needing any formal approval
How to use "file-and-use laws" in a sentence
  1. The insurance company adjusted their rates according to the file-and-use laws.
  2. He ensured compliance with file-and-use laws while working in the insurance firm.
  3. File-and-use laws allow insurance companies to adapt quickly to market changes.

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