There is a newer version of the South Dakota Codified Laws
2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 24 - Fire, Marine, Casualty, And Surety Insurance Rates And Rating Organizations
- § 58-24-1 Purpose of chapter.
- § 58-24-2 Application of chapter.
- § 58-24-3 Insurance to which chapter does not apply.
- § 58-24-4 Making of rates--Provisions governing.
- § 58-24-5 Excessive, inadequate, or discriminatory rates prohibited.
- § 58-24-6 Making of rates--Matters considered.
- § 58-24-6.1 Failure of rate to reflect difference in expected losses and expenses as unfairdiscrimination--Averaged group rates not unfairly discriminatory.
- § 58-24-7 Risks grouped by classification for rate-making--Modification of classification rates.
- § 58-24-8 System of expense provisions used in rate-making--Reflection of operating methods.
- § 58-24-9 Uniformity as to rates not required.
- § 58-24-10 Filing of rates with director--Effective date--Character and extent of coverage--Exceptions.
- § 58-24-10.1 Rating rules required to be filed with director--Filing date--Supporting informationrequired.
- § 58-24-10.2 Rate information required to be filed prior to effective date on finding that closersupervision is required--Extension of waiting period--Approval or disapproval.
- § 58-24-11 Repealed.
- § 58-24-12 Satisfaction of insurer's obligations by becoming member or subscriber to licensedrating organization.
- § 58-24-13 Information furnished in support of filing.
- § 58-24-14 Filing open to public inspection--Specially rated inland marine risks.
- § 58-24-15 Review of filings by director.
- § 58-24-16 Repealed.
- § 58-24-17 Filing with respect to specially rated risks--Effective date.
- § 58-24-18 Disapproval of filing prohibited if rates meet requirements.
- § 58-24-19 Disapproval of filings by director--Notice--Contents.
- § 58-24-20 Disapproval of filing with respect to specially rated risks--Notice, contents.
- § 58-24-21 Effect of finding and order that filing does not comply with chapter.
- § 58-24-22 Request by aggrieved party for hearing on filing--Grounds for application.
- § 58-24-23 Hearing on filing--Action by director--Notice of hearing.
- § 58-24-24 Finding that filing does not comply--Order discontinuing filing--Effective date.
- § 58-24-25 Issuance of contract or policy contrary to filings prohibited--Inland marine risksexcepted.
- § 58-24-26 Excess rate approved for specific risk--Filing application.
- § 58-24-27 Assigned risks--Reasonable rate modifications.
- § 58-24-28 Information to be furnished insureds.
- § 58-24-29 Right of insured to hearing on application of rating system.
- § 58-24-30 Appeal to director from rating organization or insurer--Affirmance or reversal ofaction.
- § 58-24-31 Recording and reporting of loss and experience--Rules and statistical plans ofdirector.
- § 58-24-32 Repealed.
- § 58-24-33 Exchange of information and experience data with other states--Consultation as torate-making.
- § 58-24-34 Withholding of or giving false or misleading information--Penalties.
- § 58-24-35 Application for license as rating organization--Filing with director--Contents.
- § 58-24-36 Issuance of license--Finding by director--Time for granting or denying application.
- § 58-24-37 Duration of license of rating organization--Fee.
- § 58-24-38 Suspension or revocation of license--Hearing, notice--Grounds.
- § 58-24-39 Change in rating organization--Notice to director.
- § 58-24-40 Subscribers to be accepted by rating services--Rules and regulations.
- § 58-24-41 Review by director of reasonableness of rule or regulation--Refusal to admit insureras subscriber.
- § 58-24-42 Review by director on failure of rating organization to act on application--Orderadmitting subscriber or affirming action.
- § 58-24-43 Actuarial, technical, or other services provided to subscribers.
- § 58-24-44 Examination of evidences of insurance or cancellation--Rules as to submission--Information confidential.
- § 58-24-45 Rating organization not to regulate payment of dividends, savings, or unabsorbedpremium deposits allowed.
- § 58-24-45.1 Group insurance marketing permitted--Conditions.
- § 58-24-46 Cooperation between organizations and insurers authorized--Review of cooperativeactivities by director.
- § 58-24-47 Appeal to director from rating organization--Order approving or disapproving action.
- § 58-24-48 Appeal based on failure to file for different expense system--Application ofrate-making standards.
- § 58-24-49 Application of insurer to file deviation--Basis for modification--Copy to ratingorganization.
- § 58-24-50 Deviations to be uniform within class.
- § 58-24-51 Criteria considered on application for deviation--Order permitting or denyingdeviation.
- § 58-24-52 Duration of permitted deviation.
- § 58-24-53 "Advisory organization" defined.
- § 58-24-54 Advisory organization--Filing requirements.
- § 58-24-55 Furnishing of information or assistance by advisory organization--Unfair practices,order requiring discontinuance.
- § 58-24-56 Adoption of rate-making recommendations furnished by noncomplying advisoryorganization--Order requiring discontinuance.
- § 58-24-57 Insurers engaging in joint underwriting or joint reinsurance subject to regulation.
- § 58-24-58 Joint underwriting or joint reinsurance--Unfair practices, order requiringdiscontinuance.
- § 58-24-59 Examination by director of rating organization, advisory organization, and groupengaged in joint underwriting or joint reinsurance--Payment of cost--Scope--Acceptance of report of official of another state.
- § 58-24-60 Repealed.
- § 58-24-61 Violation of chapter--Imposition of penalties by director.
- § 58-24-62 Suspension of license of rating organization or insurer--Failure to comply with orderof director--Time of taking effect--Duration.
- § 58-24-63 Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.
- § 58-24-64 Order of director made without a hearing--Hearing--Affirmance, reversal, ormodification of prior action--Postponement of effective date of prior action.
- § 58-24-65 Rehearing and appeal from order of director.
- § 58-24-66 Notice required for filing for workers' compensation insurance.
- § 58-24-67 Notice to workers' compensation purchaser organizations.
- § 58-24-68 "Exempt commercial policyholder" defined.
- § 58-24-69 "Risk manager" defined.
- § 58-24-70 Exemption from rate and form filing requirements for policy issued to exemptcommercial policyholder--Disclosure requirements.
- § 58-24-71 Third-party consultant disclosure requirements.
- § 58-24-72 Promulgation of rules.
- § 58-24-73 Insurer to maintain and provide copies of disclosures--Examination.
- § 58-24-74 Insurer to maintain records relating to insurance sales to exempt commercialpolicyholder--Examination by director.
- § 58-24-75 Premium increase prohibited for certain accidents involving law enforcement,emergency, or snow removal personnel--Exception.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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