Guam § 4203 - Filing and Approval of Rates and Forms.
Full text of Guam Guam Code Annotated § 4203 — Filing and Approval of Rates and Forms., with citation guidance and answers to common questions.
§ 4203. Filing and Approval of Rates and Forms.
(1) A creditor may not provide consumer credit insurance upon a
form delivered or issued for delivery in Guam or at a premium rate or
charge unless the form and premium rate or charge have been approved
by the Commissioner of Banking and Insurance or have been on file with
him or her for thirty (30) days and he or she has not notified the insurer
of his/her disapproval.
(2) All policies, certificates of insurance, notices of proposed
insurance, applications for insurance, endorsements and riders relating to
consumer credit insurance delivered or issued for delivery in Guam and
the schedules of premium rates or charges pertaining thereto shall be
filed by the insurer with the Commissioner of Banking and Insurance.
(3) If a group policy of consumer credit insurance has been or is
delivered in another state before or after the effective date of this Act, the
insurer shall file with the Commissioner of Banking and Insurance the
group certificate of insurance and notice of proposed insurance delivered
or issued for delivery in Guam and the schedules of premium rates or
charges pertaining thereto.
(4) The Commissioner of Banking and Insurance shall, within
thirty (30) days after the filing, according to Subsection (2) or (3), of any
form or schedule of premium rates or charges, disapprove the form or
schedule of premium rates or charges and notify the insurer of his/her
disapproval:
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(a) if the premium rates or charges are unreasonable in
relation to the benefits provided under the form; or
(b) if the form contains provisions which are unjust, unfair,
inequitable or deceptive or encourage misrepresentation of the
coverage or are contrary to any provision of the Insurance Code
Division 2 of Title 22, Guam Code Annotated, or of any rule or
regulation promulgated thereunder.
(5) A term of consumer credit insurance of ten (10) years or less is
presumed not to be unjust, unfair or inequitable.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 4203
What does Guam Code Annotated § 4203 cover?
Section 4203 ("Filing and Approval of Rates and Forms.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 4203?
A common citation format is "Guam Code Annotated § 4203" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 4203 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.