58-24-26 Excess rate approved for specific risk--Filing application.
Excess rate approved for specific risk--Filing application.
Upon written application
signed by the insured, stating the reasons therefor, filed with and approved by the director, a rate in
excess of that provided by a filing otherwise applicable may be used on any specific risk. The
application for approval of this rate shall be filed prior to the effective date of the policy being
issued. The director may waive the requirement of prior filing if a special need or circumstance can
Source: SL 1966, ch 111, ch 15, § 4 (7); SL 1967, ch 133; SL 1990, ch 400, § 2; SL 2009, ch 267,