RSA 412:15 Rate Standards.
Title: XXXVII - INSURANCE
Chapter: 412 - REGULATION OF FORMS AND RATES FOR PROPERTY AND CASUALTY INSURANCE
Rates shall be made in accordance with the following provisions:
I. Rates shall not be excessive, inadequate, or unfairly discriminatory.
(a) A rate in a competitive market shall not be disapproved for being excessive.
(b) A rate in a noncompetitive market is excessive if it is likely to produce a profit that is unreasonably high for the insurance provided or if expenses are unreasonably high in relation to services rendered.
(c) A rate is inadequate if:
(1) The rate is unreasonably low for the insurance provided and the continued use of the rate endangers the solvency of the insurer using it; or unless
(2) The rate is unreasonably low for the insurance provided and the use of the rate by the insurer has, or if continued will have, the effect of s