Section 738. Justification for Rates.--A rate filing shall be accompanied by a statement of the title insurance company or rating organization making the filing, setting forth the basis upon which the rate was fixed and the fees are to be computed. Any filing may be justified by:
(1) The experience or judgment of the title insurance company or rating organization making the filing; or
(2) The experience of other title insurance companies or rating organizations; or
(3) Any other factors which the title insurance company or rating organization deems relevant.
The statement and justification shall be open to public inspection after the rate to which it applies becomes effective.
(738 added Aug. 14, 1963, P.L.922, No.439)