§ 2220.7. Effect of Standards.

Latest version.

STANDARDS
Any policy containing a type of coverage which, under the provisions of Sections 2220.8 to 2220.30, inclusive, shall be deemed not sufficient to be of real economic value to insureds shall be disapproved by the Commissioner unless it is specifically demonstrated to him in writing to his satisfaction that such coverage will be of real economic value to insureds under the special circumstances of issuance, in which case the Commissioner shall approve issuance of such policies only in such special circumstances. This section shall be liberally construed to permit experimentation and adaptation to economic or social changes, which the Commissioner hereby declares to be in the public interest.

                    
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