What Does File-and-Use Law Mean?

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What does File-and-Use Law mean? Read on to discover the definition & meaning of the term File-and-Use Law - to help you better understand the language used in insurance policies.

File-and-Use Law

File-and-Use Law

A law for regulating insurance rates under which insurance companies are required to file the rates with state insurance department before putting them into effect.

We hope the you have a better understanding of the meaning of File-and-Use Law.

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