507D.5 Rate adjustment review. 1. The commissioner of insurance shall conduct a rate adjustment review for all insurers authorized to write property, casualty, product, professional, or other liability insurancewithin this state and who make a request for rate adjustment regarding such insurance. Thecommissioner of insurance may employ or contract with actuarial consultants as necessaryto review the request. The person conducting the review shall report to the commissioner asto the advisability of the adjustment requested. 2. The reasonable fees and expenses of an actuarial consultant employed or contracted by the commissioner of insurance for purposes of a rate adjustment review shall be assessedagainst and paid by the person requesting such rate adjustment. 86 Acts, ch 1211, §30; 2021 Acts, ch 76, §150 Sat Dec 23 00:40:08 2023 Iowa Code 2024, Section 507D.5 (15, 0)
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