教学课件 金融法（双语版）袁达松.ppt

第七章 保险法律制度 四、保险业务 3. 案例资料 Calfarm Ins. Co. v. Deukmejian Fact- 〔1〕Insurance rates are to be immediately reduced to “at least 20 percent less” than those in effect on November 8, 1987 〔2〕All rate increases require the approval of the Insurance Commissioner, who may not approve rates which are “excessive, inadequate, unfairly discriminatory or otherwise in violation of [the initiative].” Prior to November 8, 1989, however, rates may be increased only if the commissioner finds “that an insurer is substantially threatened with insolvency.” 〔3〕The initiative prohibits an insurer from declining to