What does Deemer Period mean? Read on to discover the definition & meaning of the term Deemer Period - to help you better understand the language used in insurance policies.
A term used in connection with rate and form approval laws in states that regulate rates and forms via the "file and use" system. Insurers file rates and forms and, if not disapproved within a certain length of time (the "deemer period"), then the rates are "deemed approved."
We hope the you have a better understanding of the meaning of Deemer Period.