20:06:21:70. Premium rate schedule increases -- Exceptional increases. Except as provided in §§ 20:06:21:63 to 20:06:21:69, inclusive, exceptional increases are subject to the same requirements as other premium rate schedule increases.
The director may request a review by an independent actuary or a professional actuarial body of the basis for a request that an increase be considered an exceptional increase.
The director, in determining that the necessary basis for an exceptional increase exists, shall also determine any potential offsets to higher claims costs.
Source: 28 SDR 157, effective May 19, 2002.
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 58-17B-4.
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