Under one type of rate regulation,insurers are not required to file their rates with the state insurance department.However,insurers may be required to furnish rate schedules and supporting data to state officials.A fundamental assumption underlying this type of rating law is that market forces will determine the price and availability of insurance,rather than discretionary acts of regulators.This type of rate regulation is called

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In this type of rate regulation, insurers are not required to file their rates with the state insurance department, which aligns with the description of "no filing required." This approach assumes that market forces, rather than regulatory oversight, will dictate insurance pricing and availability.

Under One Type of Rate Regulation,insurers Are Not Required to File