ittOnRl OV THEi COMMISSIONER OIP iNSUR-AXCE.  7


I .
27


credits, terms, privileges, riders and conditions, which in any-
-wise affect rates or tue cost of insurance, and with reference
to the reasonableness of the specific rates and grading of
towns and selection of basis tables.  And said board shall
mnake such alteration, change, rejection and substitution as
will enable it to publish reasonable general basis schedules,
showing all charges and credits, terms, privileges, riders and
conditions which in any way affect rates or the cost of insur-
ance, so that a reasonable rate may be formed for every risk
in this state upon which insurance ot the kind regulated by
this Act is written. After the publication of a general basis
schedule, in the manner hereinatter provided, it shall be used
by each insurance company regulated by this Act for the for-
mation of specific rates on all risks of the class to which the
schedule applies. The rate obtained by faithful application
of the appropriate general basis schedule published by the
said board, shall be the lawful rate in this state. It shall be
unlawful to use any other rate, except that obtained by uni-
form' deviation from published schedule rates in the manner
hereinafter provided. It shall be the duty of the said board
to act upon as full information as possible in the preparation
,of a general basis schedule, and the said board is hereby em-
powered to call for and obtain from the insurance companies
regulated by this Act, any and all information that it deems
useful. When the said board is, ready to publish a general
basis schedule, it shall notify all insurance companies and
other interests concerned, by mail and such insurance compa-
nies and other interests shall examine the provisions of the
said schedule. If objections are found, the objectors may file
the objections in writing with the secretary of the said board
within thirty days from the date of notification or may apply.
for a hearing upon the objections within thirty days. If no
objection is raised, the schedule shall be published at the end
of thirty days. from the date oie notification and shall take ef-
fect immediately. If objections are raised or a heariftg asked,
the.said board shall take action thereafter upon the objections
and requests presented. Such action by the said board shall
be duly reported to all parties interested, by mail, and the
schedule as affected by such action by the said board shall be
published within fifteen days after such notification unless