2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 24 - Fire, Marine, Casualty, And Surety Insurance Rates And Rating Organizations
§ 58-24-7 Risks grouped by classification for rate-making--Modification of classification rates.
58-24-7. Risks grouped by classification for rate-making--Modification of classification rates. Risks may be grouped by classifications for the establishment of rates and minimum premiums. Classification rates may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both. Such standards may measure any differences among risks that can be demonstrated to have a probable effect upon losses or expenses.
Source: SL 1966, ch 111, ch 15, § 3 (1) (d).
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.
