{"data":{"id":"us-gu/22-gca-18502","jurisdiction":"us-gu","citation":"22 GCA § 18502","heading":"Standards.","body":"An insurer in making rates, and the Commissioner in approving them, shall apply the standards prescribed in this section:\n(a) Rates shall not be excessive or inadequate, as herein provided, nor shall they be unfairly discriminatory.\n(b) No rate shall be held excessive unless such rate is unreasonably high for the insurance provided and reasonable degree of competition does not exist in Guam with respect to the classification to which such rate is applicable.\n(c) No rate shall be held inadequate unless such rate is unreasonably low for the insurance provided and the continued use of such rate endangers the solvency of the insurer; or unless such rate is unreasonably low for the insurance provided and the use of such rate by the insurer will have the effect of destroying competition in Guam\n(d) Consideration shall be given, to the extent applicable, to past and prospective loss experiences, to prevailing hazards, and to underwriting profits, contingencies, expenses and other normal business requirements and factors.","path":["Title 22: Business Regulation","Division 2 - Insurance Law","Chapter 18: The Contract of Insurance","ARTICLE 5: RATES"],"source_url":"https://col.guamcourts.gov/sites/default/files/22gc018.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T04:18:08Z","sha256":"b96d8549804b0f05e5c517bad353cbb497bf31f9b56eb706a4a4e16d0415d6f1","source_id":"us-gu","stale":false,"prev":"us-gu/22-gca-18501.1","next":"us-gu/22-gca-18503"},"notice":"GroundRules: Original legal text. Not legal advice."}