1.  If the Commissioner finds that:

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(a) The interaction among insurers is not competitive;

(b) The rates filed by insurers whose interaction is competitive are inadequate or unfairly discriminatory; or

(c) The rates violate the provisions of this chapter, the Commissioner may require the insurers to file information supporting their existing rates. Before the Commissioner may disapprove those rates, the Commissioner shall notify the insurers and hold a hearing on the rates and the supplementary rate information.

2.  The Commissioner may disapprove any rate without a hearing. Any insurer whose rates are disapproved in this manner may request in writing and within 30 days after the disapproval that the Commissioner conduct a hearing on the matter.