The filed-rate doctrine, also known as the filed-tariff doctrine, states that regulated companies, such as transportation companies, are prohibited from charging rates that differ from the ones they have filed with the overseeing government agency. This rule was previously enforced by the Interstate Commerce Commission.
The filed-rate doctrine is a legal principle that prevents a regulated entity, typically a common carrier, from charging a rate that differs from the one filed with the appropriate federal regulatory authority. This authority used to be the Interstate Commerce Commission. For instance, if a shipping company has filed a rate of $100 for a specific route with the regulatory authority, it is not allowed to charge a customer $120 for the same service. The company must stick to the filed rate. The purpose of the filed-rate doctrine is to ensure that regulated entities do not engage in discriminatory pricing practices and that all customers are charged the same rate for the same service. It also promotes transparency and predictability in pricing for both the regulated entity and its customers.
The Filed-Rate Doctrine is a legal principle that allows regulatory agencies to approve and set rates for certain industries, such as utilities and insurance, which must be followed by companies operating in those industries.
Under the Filed-Rate Doctrine, consumers are required to pay the rates approved by regulatory agencies, even if they believe the rates are unfair or unreasonable.
No, companies subject to the Filed-Rate Doctrine cannot change their rates without obtaining approval from the relevant regulatory agency.
Consumers can challenge the rates set under the Filed-Rate Doctrine, but they face a high burden of proof and must demonstrate that the rates are unjust or discriminatory.
There are limited exceptions to the Filed-Rate Doctrine, such as cases involving fraud or collusion among companies to manipulate rates.
Yes, companies can be held liable for charging rates higher than those approved by regulatory agencies, as it would be a violation of the Filed-Rate Doctrine.
Yes, companies can be penalized for charging rates lower than those approved by regulatory agencies, as it may be considered unfair competition or a violation of the Filed-Rate Doctrine.
Consumers generally cannot negotiate rates with companies subject to the Filed-Rate Doctrine, as the rates are set by regulatory agencies and must be uniformly applied.
Yes, companies can request rate changes from regulatory agencies by submitting applications and providing justifications for the proposed changes.
Consumers can stay informed about the rates set under the Filed-Rate Doctrine by regularly checking the websites or publications of the relevant regulatory agencies, which often provide updates on approved rates.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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