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LSDefine
Simple English definitions for legal terms
filed-rate doctrine
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A quick definition of filed-rate doctrine:
The filed-rate doctrine is a rule that says a company that is regulated, like a transportation company, cannot charge a rate that is different from the one they have filed with the government agency that oversees them. This rule used to be enforced by the Interstate Commerce Commission. Another name for this rule is the filed-tariff doctrine.
A more thorough explanation:
The filed-rate doctrine is a legal principle that prohibits a regulated entity, typically a common carrier, from charging a rate that is different from the one that has been filed with the appropriate federal regulatory authority. This authority was formerly the Interstate Commerce Commission.
For example, if a shipping company has filed a rate of $100 for a particular route with the regulatory authority, it cannot charge a customer $120 for the same service. The company must adhere to the filed rate.
The filed-rate doctrine is designed 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 provides transparency and predictability in pricing for both the regulated entity and its customers.