1.  The Commissioner may disapprove a rate filed by an insurer at any time.

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2.  The Commissioner shall disapprove a rate if:

(a) An insurer has failed to meet the requirements for filing a rate pursuant to this chapter or the regulations of the Commissioner;

(b) The rate is inadequate or unfairly discriminatory and the interaction among insurers and employers is competitive; or

(c) A rate is inadequate, excessive or unfairly discriminatory and the Commissioner has found and issued an order that the interaction among the insurers and employers is not competitive.