<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s913aa242be8f49dc9999210f9f467e05Normal { text-align: center; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s913aa242be8f49dc9999210f9f467e05HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s913aa242be8f49dc9999210f9f467e05HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s913aa242be8f49dc9999210f9f467e05Normal-000000 { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s913aa242be8f49dc9999210f9f467e05000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s913aa242be8f49dc9999210f9f467e05B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS"><meta property="og:description" content="SDLRC Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/58-24"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05Normal"><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24</span></a></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05Normal"><span class="s913aa242be8f49dc9999210f9f467e05HG4C">FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05Normal-000000"><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05000001"> </span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-1" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-1</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Purpose of chapter.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-2" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-2</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Application of chapter.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-3" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-3</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Insurance to which chapter does not apply.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-4" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-4</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Making of rates--Provisions governing.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-5" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Excessive, inadequate, or discriminatory rates prohibited.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-6" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-6</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Making of rates--Matters considered.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-6.1" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-6.1</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Failure of rate to reflect difference in expected losses and expenses as unfair discrimination--Averaged group rates not unfairly discriminatory.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-7" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-7</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Risks grouped by classification for rate-making--Modification of classification rates.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-8" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-8</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    System of expense provisions used in rate-making--Reflection of operating methods.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-9" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-9</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Uniformity as to rates not required.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-10" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-10</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Filing of rates with director--Effective date--Character and extent of coverage--Exceptions.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-10.1" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-10.1</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Rating rules required to be filed with director--Filing date--Supporting information required.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-10.2" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-10.2</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Rate information required to be filed prior to effective date on finding that closer supervision is required--Extension of waiting period--Approval or disapproval.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-11" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-11</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-11" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-11</span></a><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">. Repealed by SL 2004, ch 307, § 9</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-12" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-12</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Satisfaction of insurer's obligations by becoming member of or subscriber to licensed rating organization.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-13" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-13</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Information furnished in support of filing.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-14" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-14</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Filing open to public inspection--Specially rated inland marine risks.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-15" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-15</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Review of filings by director. </span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-16" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-16</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-16" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-16</span></a><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">. Repealed by SL 2006, ch 260, § 2</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-17" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-17</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Filing with respect to specially rated risks--Effective date.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-18" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-18</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Disapproval of filing prohibited if rates meet requirements.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-19" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-19</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Disapproval of filings by director--Notice--Contents.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-20" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-20</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Disapproval of filing with respect to specially rated risks--Notice, contents.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-21" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-21</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Effect of finding and order that filing does not comply with chapter.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-22" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-22</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Request by aggrieved party for hearing on filing--Grounds for application.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-23" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-23</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Hearing on filing--Action by director--Notice of hearing.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-24" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-24</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Finding that filing does not comply--Order discontinuing filing--Effective date.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-25" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-25</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Issuance of contract or policy contrary to filings prohibited--Inland marine risks excepted.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-26" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-26</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Excess rate approved for specific risk--Filing application.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-27" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-27</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Assigned risks--Reasonable rate modifications.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-28" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-28</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Information to be furnished insureds.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-29" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-29</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Right of insured to hearing on application of rating system.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-30" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-30</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Appeal to director from rating organization or insurer--Affirmance or reversal of action.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-31" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-31</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Recording and reporting of loss and experience--Rules and statistical plans of director.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-32" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-32</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-32" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-32</span></a><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">. Repealed by SL 1986, ch 22, § 35</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-33" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-33</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Exchange of information and experience data with other states--Consultation as to rate-making.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-34" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-34</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Withholding of or giving false or misleading information--Penalties.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-35" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-35</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Application for license as rating organization--Contents.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-36" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-36</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Issuance of license--Finding by director--Time for granting or denying application.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-37" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-37</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Duration of rating organization license--Fee.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-38" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-38</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Suspension or revocation of license.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-39" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-39</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Notice to director of change in license application information.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-40" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-40</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Subscribers to rating services--Rules of rating organization.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-41" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-41</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Review by director of reasonableness of rule or refusal to admit insurer as subscriber.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-42" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-42</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Order affirming action of rating organization.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-43" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-43</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Actuarial, technical, or other services provided to subscribers.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-44" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-44</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Examination of evidences of insurance or cancellation--Rules as to submission--Information confidential.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-45" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-45</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Regulation of payment of dividends, savings, or unabsorbed premium deposits prohibited.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-45.1" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-45.1</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Group insurance marketing permitted--Conditions.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-46" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-46</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Cooperation between organizations and insurers authorized--Review of cooperative activities by director.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-47" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-47</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Appeal to director from action of rating organization--Hearing--Order.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-48" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-48</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Appeal based on failure to file for different expense system--Application of rate-making standards.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-49" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-49</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Application of insurer to file deviation--Basis for modification--Copy to rating organization.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-50" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-50</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Deviations to be uniform within class.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-51" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-51</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Criteria considered on application for deviation--Order permitting or denying deviation.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-52" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-52</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Duration of permitted deviation.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-53" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-53</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Advisory organization license required.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-54" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-54</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Advisory organization filing requirements.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-55" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-55</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Unfair or unreasonable advisory organization practices--Order requiring discontinuance.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-56" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-56</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-57" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-57</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Insurers engaging in joint underwriting or joint reinsurance subject to regulation.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-58" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-58</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-59" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-59</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Examination of rating organizations, advisory organizations, joint underwriters, and joint reinsurers--Acceptance of report of official of another state.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-60" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-60</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-60" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-60</span></a><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">. Repealed by SL 1986, ch 22, § 36</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-61" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-61</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Violation of chapter--Penalties.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-62" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-62</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Suspension of license of rating organization or insurer.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-63" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-63</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-64" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-64</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Request for hearing on order or decision--Notice--Affirmance, reversal, or modification.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-65" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-65</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Rehearing and appeal from order of director.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-66" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-66</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Notice required for filing for workers' compensation insurance.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-67" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-67</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Notice to workers' compensation purchaser organizations.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-68" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Exempt commercial policyholder--Definition.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-69" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-69</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Risk manager defined.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-70" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-70</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Exemption from rate and form filing requirements for policy issued to exempt commercial policyholder--Disclosure requirements.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-71" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-71</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Third-party consultant disclosure requirements.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-72" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-72</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Promulgation of rules.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-73" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-73</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Insurer to maintain and provide copies of disclosures--Examination.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-74" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-74</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Insurer to maintain records relating to insurance sales to exempt commercial policyholder--Examination by director.</span></p><p dir="ltr" class="s913aa242be8f49dc9999210f9f467e05B"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-75" rel="noopener"><span class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">58-24-75</span></a><span xml:space="preserve" class="s913aa242be8f49dc9999210f9f467e05DefaultParagraphFont">    Premium increase prohibited for certain accidents involving law enforcement, emergency, or snow removal personnel--Exception.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075702Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075702SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075702CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075702Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075702DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075702DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075702000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075702SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075702SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075702Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-1"><span class="s2075702SENU">58-24-1</span></a><span xml:space="preserve" class="s2075702SENU">. </span><span class="s2075702CL">Purpose of chapter.</span></p><p dir="ltr" class="s2075702Normal-000000"><span class="s2075702DefaultParagraphFont">The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate</span><span class="s2075702DefaultParagraphFont-000001">-</span><span class="s2075702DefaultParagraphFont">making and in other matters within the scope of this chapter. Nothing in this chapter is intended to prohibit or discourage reasonable competition, or to prohibit or encourage, except to the extent necessary to accomplish the aforementioned purpose, uniformity in insurance rates, rating systems, rating plans, or practices. This chapter shall be liberally interpreted to carry into effect the provisions hereof.</span></p><p dir="ltr" class="s2075702Normal"><span xml:space="preserve" class="s2075702000002"> </span></p><p dir="ltr" class="s2075702Normal"><span class="s2075702SCL">Source:</span><span xml:space="preserve" class="s2075702SCL-000003"> SL 1966, ch 111, ch 15, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075703Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075703SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075703CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075703Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075703DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075703000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075703SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075703SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075703Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-2"><span class="s2075703SENU">58-24-2</span></a><span xml:space="preserve" class="s2075703SENU">. </span><span class="s2075703CL">Application of chapter.</span></p><p dir="ltr" class="s2075703Normal-000000"><span class="s2075703DefaultParagraphFont">This chapter applies to all forms of casualty insurance, including fidelity, surety, and guaranty bonds, to all forms of property, fire, marine, and inland marine insurance, workers' compensation, and to any combination of any of the foregoing, on risks or operations in this state. Inland marine insurance shall be deemed to include insurance now or hereafter defined by statute, or by interpretation thereof, or if not so defined or interpreted, by ruling of the director, or as established by general custom of the business, as inland marine insurance.</span></p><p dir="ltr" class="s2075703Normal"><span xml:space="preserve" class="s2075703000001"> </span></p><p dir="ltr" class="s2075703Normal"><span class="s2075703SCL">Source:</span><span xml:space="preserve" class="s2075703SCL-000002"> SL 1966, ch 111, ch 15, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075704Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075704SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075704CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075704Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075704DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075704Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075704000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075704SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075704SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075704Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-3"><span class="s2075704SENU">58-24-3</span></a><span xml:space="preserve" class="s2075704SENU">. </span><span class="s2075704CL">Insurance to which chapter does not apply.</span></p><p dir="ltr" class="s2075704Normal-000000"><span class="s2075704DefaultParagraphFont">This chapter shall not apply to:</span></p><p dir="ltr" class="s2075704Normal-000001"><span xml:space="preserve" class="s2075704DefaultParagraphFont">(1)    Reinsurance, other than joint reinsurance to the extent stated in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-57"><span class="s2075704DefaultParagraphFont">58-24-57</span></a><span xml:space="preserve" class="s2075704DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-58"><span class="s2075704DefaultParagraphFont">58-24-58</span></a><span class="s2075704DefaultParagraphFont">;</span></p><p dir="ltr" class="s2075704Normal-000001"><span class="s2075704DefaultParagraphFont">(2)    Life insurance;</span></p><p dir="ltr" class="s2075704Normal-000001"><span class="s2075704DefaultParagraphFont">(3)    Health insurance;</span></p><p dir="ltr" class="s2075704Normal-000001"><span class="s2075704DefaultParagraphFont">(4)    Insurance of vessels or craft, their cargoes, marine builders' risks, marine protection and indemnity, or other risks commonly insured under marine, as distinguished from inland marine insurance policies; or</span></p><p dir="ltr" class="s2075704Normal-000001"><span class="s2075704DefaultParagraphFont">(5)    Title insurance.</span></p><p dir="ltr" class="s2075704Normal"><span xml:space="preserve" class="s2075704000002"> </span></p><p dir="ltr" class="s2075704Normal"><span class="s2075704SCL">Source:</span><span xml:space="preserve" class="s2075704SCL-000003"> SL 1966, ch 111, ch 15, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075705Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075705SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075705CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075705Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075705DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075705000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075705SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075705SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075705Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-4"><span class="s2075705SENU">58-24-4</span></a><span xml:space="preserve" class="s2075705SENU">. </span><span class="s2075705CL">Making of rates--Provisions governing.</span></p><p dir="ltr" class="s2075705Normal-000000"><span xml:space="preserve" class="s2075705DefaultParagraphFont">Rates shall be made in accordance with the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075705DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s2075705DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-8"><span class="s2075705DefaultParagraphFont">58-24-8</span></a><span class="s2075705DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075705Normal"><span xml:space="preserve" class="s2075705000001"> </span></p><p dir="ltr" class="s2075705Normal"><span class="s2075705SCL">Source:</span><span xml:space="preserve" class="s2075705SCL-000002"> SL 1966, ch 111, ch 15, § 3 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075706Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075706SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075706CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075706Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075706DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075706000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075706SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075706SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075706Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075706SENU">58-24-5</span></a><span xml:space="preserve" class="s2075706SENU">. </span><span class="s2075706CL">Excessive, inadequate, or discriminatory rates prohibited.</span></p><p dir="ltr" class="s2075706Normal-000000"><span class="s2075706DefaultParagraphFont">Rates shall not be excessive, inadequate, or unfairly discriminatory.</span></p><p dir="ltr" class="s2075706Normal"><span xml:space="preserve" class="s2075706000001"> </span></p><p dir="ltr" class="s2075706Normal"><span class="s2075706SCL">Source:</span><span xml:space="preserve" class="s2075706SCL-000002"> SL 1966, ch 111, ch 15, § 3 (1) (a).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075707Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075707SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075707CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075707Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075707DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075707Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2075707Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075707DefaultParagraphFont-000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075707000004 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075707SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075707SCL-000005 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075707Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-6"><span class="s2075707SENU">58-24-6</span></a><span xml:space="preserve" class="s2075707SENU">. </span><span class="s2075707CL">Making of rates--Matters considered.</span></p><p dir="ltr" class="s2075707Normal-000000"><span class="s2075707DefaultParagraphFont">To determine whether rates are excessive, inadequate, or unfairly discriminatory, the director may consider:</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(1)    Past and prospective loss experience within this state;</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(2)    Conflagration and catastrophic hazards;</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(3)    Reasonable margin for the underwriting profit and contingencies;</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(4)    Dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers;</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(5)    Past and prospective expenses specially applicable to this state; and</span></p><p dir="ltr" class="s2075707Normal-000001"><span class="s2075707DefaultParagraphFont">(6)    All other relevant factors within and outside this state.</span></p><p dir="ltr" class="s2075707Normal-000002"><span class="s2075707DefaultParagraphFont">The loss experience shall be on at least the most recent five</span><span class="s2075707DefaultParagraphFont-000003">-</span><span class="s2075707DefaultParagraphFont">year period for which such experience is available. If South Dakota data are not adequate because of insufficient sample size, the director shall consider the loss experience or the expense data, or both, outside this state.</span></p><p dir="ltr" class="s2075707Normal"><span xml:space="preserve" class="s2075707000004"> </span></p><p dir="ltr" class="s2075707Normal"><span class="s2075707SCL">Source:</span><span xml:space="preserve" class="s2075707SCL-000005"> SL 1966, ch 111, ch 15, § 3 (1) (b); SL 1990, ch 400, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075708Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075708SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075708CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075708Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075708DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075708000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075708SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075708SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075708Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-6.1"><span class="s2075708SENU">58-24-6.1</span></a><span xml:space="preserve" class="s2075708SENU">. </span><span class="s2075708CL">Failure of rate to reflect difference in expected losses and expenses as unfair discrimination--Averaged group rates not unfairly discriminatory.</span></p><p dir="ltr" class="s2075708Normal-000000"><span class="s2075708DefaultParagraphFont">One rate is unfairly discriminatory in relation to another in the same class if it clearly fails to reflect equitably the difference in expected losses and expenses. Rates are not unfairly discriminatory because different premiums result for policyholders with like loss exposures but different expense factors, or like expense factors but different loss exposures, so long as the rates reflect the differences with reasonable accuracy. Rates are not unfairly discriminatory if they are averaged broadly among persons insured under a group, franchise, or blanket policy.</span></p><p dir="ltr" class="s2075708Normal"><span xml:space="preserve" class="s2075708000001"> </span></p><p dir="ltr" class="s2075708Normal"><span class="s2075708SCL">Source:</span><span xml:space="preserve" class="s2075708SCL-000002"> SL 1979, ch 341, § 11.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075709Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075709SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075709CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075709CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075709Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075709DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075709000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075709SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075709SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075709Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-7"><span class="s2075709SENU">58-24-7</span></a><span xml:space="preserve" class="s2075709SENU">. </span><span class="s2075709CL">Risks grouped by classification for rate</span><span class="s2075709CL-000000">-</span><span class="s2075709CL">making--Modification of classification rates.</span></p><p dir="ltr" class="s2075709Normal-000001"><span class="s2075709DefaultParagraphFont">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.</span></p><p dir="ltr" class="s2075709Normal"><span xml:space="preserve" class="s2075709000002"> </span></p><p dir="ltr" class="s2075709Normal"><span class="s2075709SCL">Source:</span><span xml:space="preserve" class="s2075709SCL-000003"> SL 1966, ch 111, ch 15, § 3 (1) (d).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075710Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075710SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075710CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075710CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075710Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075710DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075710000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075710SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075710SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075710Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-8"><span class="s2075710SENU">58-24-8</span></a><span xml:space="preserve" class="s2075710SENU">. </span><span class="s2075710CL">System of expense provisions used in rate</span><span class="s2075710CL-000000">-</span><span class="s2075710CL">making--Reflection of operating methods.</span></p><p dir="ltr" class="s2075710Normal-000001"><span class="s2075710DefaultParagraphFont">The systems of expense provisions included in the rates for use by any insurer or group of insurers may differ from those of other insurers or group of insurers to reflect the requirements of the operating methods of any such insurer or group of insurers with respect to any kind of insurance, or with respect to any subdivision or combination thereof for which subdivision or combination separate expense provisions are applicable.</span></p><p dir="ltr" class="s2075710Normal"><span xml:space="preserve" class="s2075710000002"> </span></p><p dir="ltr" class="s2075710Normal"><span class="s2075710SCL">Source:</span><span xml:space="preserve" class="s2075710SCL-000003"> SL 1966, ch 111, ch 15, § 3 (1) (c).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075711Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075711SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075711CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075711Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075711DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075711000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075711SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075711SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075711Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-9"><span class="s2075711SENU">58-24-9</span></a><span xml:space="preserve" class="s2075711SENU">. </span><span class="s2075711CL">Uniformity as to rates not required.</span></p><p dir="ltr" class="s2075711Normal-000000"><span xml:space="preserve" class="s2075711DefaultParagraphFont">Except to the extent necessary to meet the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075711DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s2075711DefaultParagraphFont">, uniformity among insurers in any matters within the scope of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-4"><span class="s2075711DefaultParagraphFont">58-24-4</span></a><span xml:space="preserve" class="s2075711DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-8"><span class="s2075711DefaultParagraphFont">58-24-8</span></a><span class="s2075711DefaultParagraphFont">, inclusive, is neither required nor prohibited.</span></p><p dir="ltr" class="s2075711Normal"><span xml:space="preserve" class="s2075711000001"> </span></p><p dir="ltr" class="s2075711Normal"><span class="s2075711SCL">Source:</span><span xml:space="preserve" class="s2075711SCL-000002"> SL 1966, ch 111, ch 15, § 3 (2).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075712Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075712SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075712CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075712Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075712DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075712Normal-000001 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } p.s2075712Normal-000002 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075712000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075712SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075712SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075712Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10"><span class="s2075712SENU">58-24-10</span></a><span xml:space="preserve" class="s2075712SENU">. </span><span class="s2075712CL">Filing of rates with director--Effective date--Character and extent of coverage--Exceptions.</span></p><p dir="ltr" class="s2075712Normal-000000"><span class="s2075712DefaultParagraphFont">Every insurer shall file with the director of the Division of Insurance every manual, minimum, class rate, rating schedule, or rating plan and every other rating rule, and every modification of any of the foregoing which it proposes to use. Every such filing shall state the proposed effective date thereof, and shall indicate the character and extent of the coverage contemplated. The filing date is the effective date thereof unless the insurer proposes an effective date subsequent to the filing date.</span></p><p dir="ltr" class="s2075712Normal-000001"><span class="s2075712DefaultParagraphFont">This section does not apply to:</span></p><p dir="ltr" class="s2075712Normal-000002"><span class="s2075712DefaultParagraphFont">(1)    Inland marine risks which by general custom of the business are not written according to manual rates or rating plans; or</span></p><p dir="ltr" class="s2075712Normal-000002"><span xml:space="preserve" class="s2075712DefaultParagraphFont">(2)    Automobile and other motor vehicle insurance subject to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10.1"><span class="s2075712DefaultParagraphFont">58-24-10.1</span></a><span class="s2075712DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075712Normal"><span xml:space="preserve" class="s2075712000003"> </span></p><p dir="ltr" class="s2075712Normal"><span class="s2075712SCL">Source:</span><span xml:space="preserve" class="s2075712SCL-000004"> SL 1966, ch 111, ch 15, § 4 (1); SL 1979, ch 341, § 3; SL 2004, ch 307, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075713Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075713SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075713CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075713Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075713DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075713000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075713SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075713SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075713Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10.1"><span class="s2075713SENU">58-24-10.1</span></a><span xml:space="preserve" class="s2075713SENU">. </span><span class="s2075713CL">Rating rules required to be filed with director--Filing date--Supporting information required.</span></p><p dir="ltr" class="s2075713Normal-000000"><span xml:space="preserve" class="s2075713DefaultParagraphFont">Every insurer writing automobile insurance as defined by subdivisions 58-11-45(1) to (3), inclusive, and subdivision 58-23-6(2), and every insurer writing liability insurance, physical damage insurance, and collision insurance on all motor vehicles ordinarily used on the public highways, except for insurance which falls within the inland marine risk exemption of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10"><span class="s2075713DefaultParagraphFont">58-24-10</span></a><span xml:space="preserve" class="s2075713DefaultParagraphFont"> or for insurance policies excluded under the definition of "policy" in subdivision 58-11-45(5), shall file with the director of the Division of Insurance every manual, minimum, class rate, rating schedule, or rating plan and every other rating rule, and modification of any of the foregoing which it proposes to use, and shall indicate the character and extent of the coverages contemplated. The filing date shall be the effective date thereof unless the insurer proposes an effective date subsequent to the filing date. If the director is not satisfied with the information provided to support a filing made in accordance with this section, he shall proceed in accordance with § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-13"><span class="s2075713DefaultParagraphFont">58-24-13</span></a><span class="s2075713DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075713Normal"><span xml:space="preserve" class="s2075713000001"> </span></p><p dir="ltr" class="s2075713Normal"><span class="s2075713SCL">Source:</span><span xml:space="preserve" class="s2075713SCL-000002"> SL 1979, ch 341, §§ 4, 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075714Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075714SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075714CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075714Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075714DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075714DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075714000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075714SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075714SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075714Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10.2"><span class="s2075714SENU">58-24-10.2</span></a><span xml:space="preserve" class="s2075714SENU">. </span><span class="s2075714CL">Rate information required to be filed prior to effective date on finding that closer supervision is required--Extension of waiting period--Approval or disapproval.</span></p><p dir="ltr" class="s2075714Normal-000000"><span xml:space="preserve" class="s2075714DefaultParagraphFont">The director of the Division of Insurance may by order require that a particular insurer otherwise entitled to file its rates in accordance with § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10.1"><span class="s2075714DefaultParagraphFont">58-24-10.1</span></a><span class="s2075714DefaultParagraphFont">, file any or all of its rates and supplementary rate information thirty days prior to their effective date, if and to the extent that he finds, after a hearing, that the protection of the interests of its insureds and the public in this state require closer supervision of its rates because of the insurer's financial condition or rating practices. He may extend the waiting period for any filing for not to exceed thirty additional days by written notice to the insurer before the first thirty</span><span class="s2075714DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2075714DefaultParagraphFont">day period expires. A filing not disapproved before the expiration of the waiting period shall be deemed to meet the requirements of this chapter, subject to the possibility of subsequent disapproval under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-21"><span class="s2075714DefaultParagraphFont">58-24-21</span></a><span class="s2075714DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075714Normal"><span xml:space="preserve" class="s2075714000002"> </span></p><p dir="ltr" class="s2075714Normal"><span class="s2075714SCL">Source:</span><span xml:space="preserve" class="s2075714SCL-000003"> SL 1979, ch 341, § 7.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS58-24-11 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-24-11 "> <META NAME="Description" Content="South Dakota Codified Laws 58-24-11"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 58-24-11. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 2004, ch 307, &#167;&nbsp;9<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075716Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075716SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075716CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075716Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075716DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075716Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2075716Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075716000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075716SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075716SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075716Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-12"><span class="s2075716SENU">58-24-12</span></a><span xml:space="preserve" class="s2075716SENU">. </span><span class="s2075716CL">Satisfaction of insurer's obligations by becoming member of or subscriber to licensed rating organization.</span></p><p dir="ltr" class="s2075716Normal-000000"><span class="s2075716DefaultParagraphFont">An insurer may satisfy its obligation to make filings pursuant to this chapter by:</span></p><p dir="ltr" class="s2075716Normal-000001"><span class="s2075716DefaultParagraphFont">(1)    Becoming a member of, or a subscriber to, a licensed rating organization that makes filings; and</span></p><p dir="ltr" class="s2075716Normal-000001"><span class="s2075716DefaultParagraphFont">(2)    Authorizing the director to accept filings on its behalf.</span></p><p dir="ltr" class="s2075716Normal-000002"><span class="s2075716DefaultParagraphFont">Nothing contained in this chapter may be construed as requiring any insurer to become a member of or a subscriber to any rating organization.</span></p><p dir="ltr" class="s2075716Normal"><span xml:space="preserve" class="s2075716000003"> </span></p><p dir="ltr" class="s2075716Normal"><span class="s2075716SCL">Source:</span><span xml:space="preserve" class="s2075716SCL-000004"> SL 1966, ch 111, ch 15, § 4 (2); SL 2014, ch 239, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075717Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075717SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075717CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075717Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075717DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075717Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075717000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075717SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075717SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075717Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-13"><span class="s2075717SENU">58-24-13</span></a><span xml:space="preserve" class="s2075717SENU">. </span><span class="s2075717CL">Information furnished in support of filing.</span></p><p dir="ltr" class="s2075717Normal-000000"><span class="s2075717DefaultParagraphFont">If a filing is not accompanied by the information upon which the insurer supports the filing, and the director does not have sufficient information to determine whether the filing meets the requirements of the chapter, the director shall require the insurer to furnish the information upon which the insurer supports the filing. The information furnished in support of a filing may include:</span></p><p dir="ltr" class="s2075717Normal-000001"><span class="s2075717DefaultParagraphFont">(1)    The experience or judgment of the insurer or rating organization making the filing;</span></p><p dir="ltr" class="s2075717Normal-000001"><span class="s2075717DefaultParagraphFont">(2)    Its interpretation of any statistical data it relies upon;</span></p><p dir="ltr" class="s2075717Normal-000001"><span class="s2075717DefaultParagraphFont">(3)    The experience of other insurers or rating organizations; or</span></p><p dir="ltr" class="s2075717Normal-000001"><span class="s2075717DefaultParagraphFont">(4)    Any other relevant factors.</span></p><p dir="ltr" class="s2075717Normal"><span xml:space="preserve" class="s2075717000002"> </span></p><p dir="ltr" class="s2075717Normal"><span class="s2075717SCL">Source:</span><span xml:space="preserve" class="s2075717SCL-000003"> SL 1966, ch 111, ch 15, § 4 (1); SL 2008, ch 269, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075718Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075718SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075718CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075718Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075718DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075718000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075718SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075718SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075718Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-14"><span class="s2075718SENU">58-24-14</span></a><span xml:space="preserve" class="s2075718SENU">. </span><span class="s2075718CL">Filing open to public inspection--Specially rated inland marine risks.</span></p><p dir="ltr" class="s2075718Normal-000000"><span class="s2075718DefaultParagraphFont">A filing and any supporting information shall be open to public inspection after the filing becomes effective. Specific inland marine rates on risks specially rated, made by a rating organization, shall be filed with the director.</span></p><p dir="ltr" class="s2075718Normal"><span xml:space="preserve" class="s2075718000001"> </span></p><p dir="ltr" class="s2075718Normal"><span class="s2075718SCL">Source:</span><span xml:space="preserve" class="s2075718SCL-000002"> SL 1966, ch 111, ch 15, § 4 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075719Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075719SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075719CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075719Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075719DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075719000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075719SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075719SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075719Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-15"><span class="s2075719SENU">58-24-15</span></a><span xml:space="preserve" class="s2075719SENU">. </span><span class="s2075719CL">Review of filings by director.</span></p><p dir="ltr" class="s2075719Normal-000000"><span class="s2075719DefaultParagraphFont">The director shall review filings as soon as reasonably possible after they have been made in order to determine whether they meet the requirements of this chapter.</span></p><p dir="ltr" class="s2075719Normal"><span xml:space="preserve" class="s2075719000001"> </span></p><p dir="ltr" class="s2075719Normal"><span class="s2075719SCL">Source:</span><span xml:space="preserve" class="s2075719SCL-000002"> SL 1966, ch 111, ch 15, § 4 (3).</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS58-24-16 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-24-16 "> <META NAME="Description" Content="South Dakota Codified Laws 58-24-16"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 58-24-16. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 2006, ch 260, &#167;&nbsp;2.<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075721Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075721SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075721CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075721Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075721DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075721000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075721SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075721SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075721Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-17"><span class="s2075721SENU">58-24-17</span></a><span xml:space="preserve" class="s2075721SENU">. </span><span class="s2075721CL">Filing with respect to specially rated risks--Effective date.</span></p><p dir="ltr" class="s2075721Normal-000000"><span class="s2075721DefaultParagraphFont">Specific inland marine rates on risks specially rated by a rating organization, or any specific filing with respect to a surety or guaranty bond required by law or by court or executive order, or by order, rule, or regulation of a public body and not covered by a previous filing, shall become effective when filed and deemed to meet the requirements of this chapter until such time as the director reviews the filing and so long thereafter as the filing remains in effect.</span></p><p dir="ltr" class="s2075721Normal"><span xml:space="preserve" class="s2075721000001"> </span></p><p dir="ltr" class="s2075721Normal"><span class="s2075721SCL">Source:</span><span xml:space="preserve" class="s2075721SCL-000002"> SL 1966, ch 111, ch 15, § 4 (5).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075722Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075722SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075722CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075722Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075722DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075722000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075722SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075722SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075722Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-18"><span class="s2075722SENU">58-24-18</span></a><span xml:space="preserve" class="s2075722SENU">. </span><span class="s2075722CL">Disapproval of filing prohibited if rates meet requirements.</span></p><p dir="ltr" class="s2075722Normal-000000"><span class="s2075722DefaultParagraphFont">No filing shall be disapproved if the rates thereby produced meet the requirements of this chapter.</span></p><p dir="ltr" class="s2075722Normal"><span xml:space="preserve" class="s2075722000001"> </span></p><p dir="ltr" class="s2075722Normal"><span class="s2075722SCL">Source:</span><span xml:space="preserve" class="s2075722SCL-000002"> SL 1966, ch 111, ch 15, § 5 (5).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075723Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075723SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075723CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075723Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075723DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075723000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075723SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075723SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075723Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-19"><span class="s2075723SENU">58-24-19</span></a><span xml:space="preserve" class="s2075723SENU">. </span><span class="s2075723CL">Disapproval of filings by director--Notice--Contents.</span></p><p dir="ltr" class="s2075723Normal-000000"><span class="s2075723DefaultParagraphFont">If the director finds that a filing does not meet the requirements of this chapter, the director shall send to the insurer or rating organization which made the filing, written notice of disapproval of the filing specifying therein in what respects the director finds the filing fails to meet the requirements of this chapter and stating that the filing may not become effective.</span></p><p dir="ltr" class="s2075723Normal"><span xml:space="preserve" class="s2075723000001"> </span></p><p dir="ltr" class="s2075723Normal"><span class="s2075723SCL">Source:</span><span xml:space="preserve" class="s2075723SCL-000002"> SL 1966, ch 111, ch 15, § 5 (1); SL 2006, ch 260, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075724Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075724SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075724CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075724Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075724DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075724000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075724SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075724SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075724Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-20"><span class="s2075724SENU">58-24-20</span></a><span xml:space="preserve" class="s2075724SENU">. </span><span class="s2075724CL">Disapproval of filing with respect to specially rated risks--Notice, contents.</span></p><p dir="ltr" class="s2075724Normal-000000"><span xml:space="preserve" class="s2075724DefaultParagraphFont">If within thirty days after a specific inland marine rate on a risk specially rated by a rating organization or after a special surety or guaranty filing subject to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-17"><span class="s2075724DefaultParagraphFont">58-24-17</span></a><span xml:space="preserve" class="s2075724DefaultParagraphFont"> has become effective, the director finds that such filing does not meet the requirements of this chapter, he shall send to the rating organization or insurer which made such filing written notice of disapproval of such filing specifying therein in what respects he finds that such filing fails to meet the requirements of this chapter and stating when, within a reasonable period thereafter, such filing shall be deemed no longer effective. Said disapproval shall not affect any contract made or issued prior to the expiration of the period set forth in said notice.</span></p><p dir="ltr" class="s2075724Normal"><span xml:space="preserve" class="s2075724000001"> </span></p><p dir="ltr" class="s2075724Normal"><span class="s2075724SCL">Source:</span><span xml:space="preserve" class="s2075724SCL-000002"> SL 1966, ch 111, ch 15, § 5 (2).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075725Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075725SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075725CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075725Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075725DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075725000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075725SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075725SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075725Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-21"><span class="s2075725SENU">58-24-21</span></a><span xml:space="preserve" class="s2075725SENU">. </span><span class="s2075725CL">Effect of finding and order that filing does not comply with chapter.</span></p><p dir="ltr" class="s2075725Normal-000000"><span xml:space="preserve" class="s2075725DefaultParagraphFont">If at any time subsequent to the applicable review period provided for in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-19"><span class="s2075725DefaultParagraphFont">58-24-19</span></a><span xml:space="preserve" class="s2075725DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-20"><span class="s2075725DefaultParagraphFont">58-24-20</span></a><span xml:space="preserve" class="s2075725DefaultParagraphFont">, or in the case of a filing made under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10.1"><span class="s2075725DefaultParagraphFont">58-24-10.1</span></a><span class="s2075725DefaultParagraphFont">, the director of the Division of Insurance finds that a filing does not meet the requirements of this chapter, he shall, after a hearing held upon not less than ten days' written notice, specifying the matters to be considered at such hearing, to every insurer and rating organization which made such filing, issue an order specifying in what respect he finds that such filing fails to meet the requirements of this chapter, and stating when, within a reasonable period thereafter, such filing shall be deemed no longer effective. Copies of said order shall be sent to every such insurer and rating organization. Said order shall not affect any contract or policy made or issued prior to the expiration of the period set forth in said order.</span></p><p dir="ltr" class="s2075725Normal"><span xml:space="preserve" class="s2075725000001"> </span></p><p dir="ltr" class="s2075725Normal"><span class="s2075725SCL">Source:</span><span xml:space="preserve" class="s2075725SCL-000002"> SL 1966, ch 111, ch 15, § 5 (3); SL 1979, ch 341, § 6.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075726Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075726SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075726CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075726Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075726DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075726000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075726SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075726SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075726Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-22"><span class="s2075726SENU">58-24-22</span></a><span xml:space="preserve" class="s2075726SENU">. </span><span class="s2075726CL">Request by aggrieved party for hearing on filing--Grounds for application.</span></p><p dir="ltr" class="s2075726Normal-000000"><span class="s2075726DefaultParagraphFont">Any person or organization aggrieved with respect to any filing which is in effect may make written application to the director for a hearing thereon, provided, however, that the insurer or rating organization that made the filing shall not be authorized to proceed under this section. Such application shall specify the grounds to be relied upon by the applicant and such application must show that the person or organization making such application has a specific economic interest affected by the filing. No rating or advisory organization shall have any status under this chapter to make application for a hearing on any filing made by an insurer with the director.</span></p><p dir="ltr" class="s2075726Normal"><span xml:space="preserve" class="s2075726000001"> </span></p><p dir="ltr" class="s2075726Normal"><span class="s2075726SCL">Source:</span><span xml:space="preserve" class="s2075726SCL-000002"> SL 1966, ch 111, ch 15, § 5 (4).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075727Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075727SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075727CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075727Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075727DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075727000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075727SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075727SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075727Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-23"><span class="s2075727SENU">58-24-23</span></a><span xml:space="preserve" class="s2075727SENU">. </span><span class="s2075727CL">Hearing on filing--Action by director--Notice of hearing.</span></p><p dir="ltr" class="s2075727Normal-000000"><span xml:space="preserve" class="s2075727DefaultParagraphFont">If the director shall find that an application pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-22"><span class="s2075727DefaultParagraphFont">58-24-22</span></a><span xml:space="preserve" class="s2075727DefaultParagraphFont"> is made in good faith, that the applicant has a specific economic interest, that the applicant would be so aggrieved if his grounds are established, and that such grounds otherwise justify holding a hearing, he shall within thirty days after receipt of such application hold a hearing upon not less than ten days' written notice to the applicant and to every insurer and rating organization which made such filing.</span></p><p dir="ltr" class="s2075727Normal"><span xml:space="preserve" class="s2075727000001"> </span></p><p dir="ltr" class="s2075727Normal"><span class="s2075727SCL">Source:</span><span xml:space="preserve" class="s2075727SCL-000002"> SL 1966, ch 111, ch 15, § 5 (4).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075728Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075728SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075728CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075728Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075728DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075728000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075728SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075728SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075728Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-24"><span class="s2075728SENU">58-24-24</span></a><span xml:space="preserve" class="s2075728SENU">. </span><span class="s2075728CL">Finding that filing does not comply--Order discontinuing filing--Effective date.</span></p><p dir="ltr" class="s2075728Normal-000000"><span xml:space="preserve" class="s2075728DefaultParagraphFont">If, after hearing pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-23"><span class="s2075728DefaultParagraphFont">58-24-23</span></a><span class="s2075728DefaultParagraphFont">, the director finds that the filing does not meet the requirements of this chapter, he shall issue an order specifying in what respect he finds that such filing fails to meet the requirements of this chapter, and stating when, within a reasonable period thereafter, such filing shall be deemed no longer effective. Copies of said order shall be sent to the applicant and to every such insurer and rating organization. Said order shall not affect any contract or policy made or issued prior to the expiration of the period set forth in said order.</span></p><p dir="ltr" class="s2075728Normal"><span xml:space="preserve" class="s2075728000001"> </span></p><p dir="ltr" class="s2075728Normal"><span class="s2075728SCL">Source:</span><span xml:space="preserve" class="s2075728SCL-000002"> SL 1966, ch 111, ch 15, § 5 (4).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075729Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075729SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075729CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075729Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075729DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075729000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075729SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075729SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075729Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-25"><span class="s2075729SENU">58-24-25</span></a><span xml:space="preserve" class="s2075729SENU">. </span><span class="s2075729CL">Issuance of contract or policy contrary to filings prohibited--Inland marine risks excepted.</span></p><p dir="ltr" class="s2075729Normal-000000"><span class="s2075729DefaultParagraphFont">No insurer shall make or issue a contract or policy except in accordance with the filings which are in effect for said insurer as provided in this chapter. This section shall not apply to contracts or policies for inland marine risks as to which filings are not required.</span></p><p dir="ltr" class="s2075729Normal"><span xml:space="preserve" class="s2075729000001"> </span></p><p dir="ltr" class="s2075729Normal"><span class="s2075729SCL">Source:</span><span xml:space="preserve" class="s2075729SCL-000002"> SL 1966, ch 111, ch 15, § 4 (8).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075730Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075730SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075730CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075730Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075730DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075730000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075730SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075730SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075730Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-26"><span class="s2075730SENU">58-24-26</span></a><span xml:space="preserve" class="s2075730SENU">. </span><span class="s2075730CL">Excess rate approved for specific risk--Filing application.</span></p><p dir="ltr" class="s2075730Normal-000000"><span class="s2075730DefaultParagraphFont">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 be demonstrated.</span></p><p dir="ltr" class="s2075730Normal"><span xml:space="preserve" class="s2075730000001"> </span></p><p dir="ltr" class="s2075730Normal"><span class="s2075730SCL">Source:</span><span xml:space="preserve" class="s2075730SCL-000002"> SL 1966, ch 111, ch 15, § 4 (7); SL 1967, ch 133; SL 1990, ch 400, § 2; SL 2009, ch 267, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075731Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075731SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075731CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075731Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075731DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075731000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075731SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075731SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075731Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-27"><span class="s2075731SENU">58-24-27</span></a><span xml:space="preserve" class="s2075731SENU">. </span><span class="s2075731CL">Assigned risks--Reasonable rate modifications.</span></p><p dir="ltr" class="s2075731Normal-000000"><span class="s2075731DefaultParagraphFont">Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use of reasonable rate modifications for such insurance, such agreements and rate modifications to be subject to the approval of the director.</span></p><p dir="ltr" class="s2075731Normal"><span xml:space="preserve" class="s2075731000001"> </span></p><p dir="ltr" class="s2075731Normal"><span class="s2075731SCL">Source:</span><span xml:space="preserve" class="s2075731SCL-000002"> SL 1966, ch 111, ch 15, § 15.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075732Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075732SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075732CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075732Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075732DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075732000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075732SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075732SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075732Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-28"><span class="s2075732SENU">58-24-28</span></a><span xml:space="preserve" class="s2075732SENU">. </span><span class="s2075732CL">Information to be furnished insureds.</span></p><p dir="ltr" class="s2075732Normal-000000"><span class="s2075732DefaultParagraphFont">Every rating organization and every insurer which makes its own rates shall, within a reasonable time after receiving written request therefor and upon payment of such reasonable charge as it may make, furnish to any insured affected by a rate made by it, or to the authorized representative of such insured, all pertinent information as to such rate.</span></p><p dir="ltr" class="s2075732Normal"><span xml:space="preserve" class="s2075732000001"> </span></p><p dir="ltr" class="s2075732Normal"><span class="s2075732SCL">Source:</span><span xml:space="preserve" class="s2075732SCL-000002"> SL 1966, ch 111, ch 15, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075733Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075733SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075733CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075733Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075733DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075733000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075733SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075733SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075733Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-29"><span class="s2075733SENU">58-24-29</span></a><span xml:space="preserve" class="s2075733SENU">. </span><span class="s2075733CL">Right of insured to hearing on application of rating system.</span></p><p dir="ltr" class="s2075733Normal-000000"><span class="s2075733DefaultParagraphFont">Every rating organization and every insurer which makes its own rates shall provide within this state reasonable means whereby any person aggrieved by the application of its rating system may be heard, in person or by his authorized representative, on his written request to review the manner in which such rating system has been applied in connection with the insurance afforded him. If the rating organization or insurer fails to grant or reject such request within thirty days after it is made, the applicant may proceed in the same manner as if his application had been rejected.</span></p><p dir="ltr" class="s2075733Normal"><span xml:space="preserve" class="s2075733000001"> </span></p><p dir="ltr" class="s2075733Normal"><span class="s2075733SCL">Source:</span><span xml:space="preserve" class="s2075733SCL-000002"> SL 1966, ch 111, ch 15, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075734Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075734SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075734CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075734Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075734DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075734000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075734SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075734SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075734Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-30"><span class="s2075734SENU">58-24-30</span></a><span xml:space="preserve" class="s2075734SENU">. </span><span class="s2075734CL">Appeal to director from rating organization or insurer--Affirmance or reversal of action.</span></p><p dir="ltr" class="s2075734Normal-000000"><span class="s2075734DefaultParagraphFont">Any party affected by the action of such rating organization or such insurer on such request may, within thirty days after written notice of such action, appeal to the director who, after a hearing held upon not less than ten days' written notice to the appellant and to such rating organization or insurer, may affirm or reverse such action.</span></p><p dir="ltr" class="s2075734Normal"><span xml:space="preserve" class="s2075734000001"> </span></p><p dir="ltr" class="s2075734Normal"><span class="s2075734SCL">Source:</span><span xml:space="preserve" class="s2075734SCL-000002"> SL 1966, ch 111, ch 15, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075735Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075735SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075735CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075735Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075735DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075735DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075735000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075735SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075735SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075735Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-31"><span class="s2075735SENU">58-24-31</span></a><span xml:space="preserve" class="s2075735SENU">. </span><span class="s2075735CL">Recording and reporting of loss and experience--Rules and statistical plans of director.</span></p><p dir="ltr" class="s2075735Normal-000000"><span class="s2075735DefaultParagraphFont">The director shall promulgate rules and statistical plans, reasonably adapted to each of the rating systems on file with the division, which may be modified from time to time and which shall be used thereafter by each insurer in the recording and reporting of its loss and country</span><span class="s2075735DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2075735DefaultParagraphFont">wide expense experience in order that the experience of all insurers may be made available at least annually in such form and detail as may be necessary in determining whether rating systems comply with the standards set forth in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075735DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s2075735DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-8"><span class="s2075735DefaultParagraphFont">58-24-8</span></a><span class="s2075735DefaultParagraphFont">, inclusive. Such rules and plans may also provide for the recording and reporting of expense experience items which are specially applicable to this state and are not susceptible of determination by a prorating of country</span><span class="s2075735DefaultParagraphFont-000001">-</span><span class="s2075735DefaultParagraphFont">wide expense experience. In promulgating such rules and deciding what plans to use, the director shall give due consideration to the rating systems on file and, in order that the plans may be as uniform as is practicable among the several states, to the rules and to the form of the plans used for such rating systems in other states. No insurer shall be required to record or report its loss experience on a classification basis that is inconsistent with the rating system filed by it. The director may designate one or more rating organizations or other agencies for assistance in gathering such experience and making compilations thereof, and such compilations shall be made available, subject to rules promulgated by the director, to insurers and rating organizations.</span></p><p dir="ltr" class="s2075735Normal"><span xml:space="preserve" class="s2075735000002"> </span></p><p dir="ltr" class="s2075735Normal"><span class="s2075735SCL">Source:</span><span xml:space="preserve" class="s2075735SCL-000003"> SL 1966, ch 111, ch 15, § 13(1); SL 1986, ch 22, § 34.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS58-24-32 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-24-32 "> <META NAME="Description" Content="South Dakota Codified Laws 58-24-32"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 58-24-32. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1986, ch 22, &#167;&nbsp;35<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075737Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075737SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075737CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075737CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075737Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075737DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075737DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075737000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075737SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075737SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075737Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-33"><span class="s2075737SENU">58-24-33</span></a><span xml:space="preserve" class="s2075737SENU">. </span><span class="s2075737CL">Exchange of information and experience data with other states--Consultation as to rate</span><span class="s2075737CL-000000">-</span><span class="s2075737CL">making.</span></p><p dir="ltr" class="s2075737Normal-000001"><span class="s2075737DefaultParagraphFont">In order to further uniform administration of rate regulatory laws, the director and every insurer and rating organization may exchange information and experience data with insurance supervisory officials, insurers, and rating organizations in other states and may consult with them with respect to rate</span><span class="s2075737DefaultParagraphFont-000002">-</span><span class="s2075737DefaultParagraphFont">making and the application of rating systems.</span></p><p dir="ltr" class="s2075737Normal"><span xml:space="preserve" class="s2075737000003"> </span></p><p dir="ltr" class="s2075737Normal"><span class="s2075737SCL">Source:</span><span xml:space="preserve" class="s2075737SCL-000004"> SL 1966, ch 111, ch 15, § 13 (3).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075738Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075738SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075738CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075738Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075738DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075738000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075738SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075738SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075738Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-34"><span class="s2075738SENU">58-24-34</span></a><span xml:space="preserve" class="s2075738SENU">. </span><span class="s2075738CL">Withholding of or giving false or misleading information--Penalties.</span></p><p dir="ltr" class="s2075738Normal-000000"><span xml:space="preserve" class="s2075738DefaultParagraphFont">No person or organization shall willfully withhold information from, or knowingly give false or misleading information to, the director, any statistical agency designated by the director, any rating organization, or any insurer, which will affect the rates or premiums chargeable under this chapter. A violation of this section is a Class 2 misdemeanor and shall subject the one guilty of such violation to the penalties provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-61"><span class="s2075738DefaultParagraphFont">58-24-61</span></a><span xml:space="preserve" class="s2075738DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-62"><span class="s2075738DefaultParagraphFont">58-24-62</span></a><span class="s2075738DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075738Normal"><span xml:space="preserve" class="s2075738000001"> </span></p><p dir="ltr" class="s2075738Normal"><span class="s2075738SCL">Source:</span><span xml:space="preserve" class="s2075738SCL-000002"> SL 1966, ch 111, ch 15, § 14; SL 1978, ch 359, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075739Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075739SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075739CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075739Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075739DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075739Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075739000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075739SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075739SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075739Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-35"><span class="s2075739SENU">58-24-35</span></a><span xml:space="preserve" class="s2075739SENU">. </span><span class="s2075739CL">Application for license as rating organization--Contents.</span></p><p dir="ltr" class="s2075739Normal-000000"><span class="s2075739DefaultParagraphFont">A corporation, unincorporated association, partnership, individual, or any other legal business entity, whether located within or outside this state, may apply for a license as a rating organization by providing the following information in its application:</span></p><p dir="ltr" class="s2075739Normal-000001"><span class="s2075739DefaultParagraphFont">(1)    A copy of its governing documents, to include its constitution, articles of agreement or association, certificate of incorporation, bylaws, rules, and regulations, as applicable;</span></p><p dir="ltr" class="s2075739Normal-000001"><span class="s2075739DefaultParagraphFont">(2)    A list of its members and subscribers;</span></p><p dir="ltr" class="s2075739Normal-000001"><span xml:space="preserve" class="s2075739DefaultParagraphFont">(3)    The name and address of a resident of this state upon whom notices or orders of the director or process affecting such rating organization may be served; </span></p><p dir="ltr" class="s2075739Normal-000001"><span class="s2075739DefaultParagraphFont">(4)    A statement of its qualifications as a rating organization; and</span></p><p dir="ltr" class="s2075739Normal-000001"><span class="s2075739DefaultParagraphFont">(5)    A statement specifying the kind of insurance, or subdivision, class, or part of risk or combination thereof for which the rating organization intends to be licensed.</span></p><p dir="ltr" class="s2075739Normal"><span xml:space="preserve" class="s2075739000002"> </span></p><p dir="ltr" class="s2075739Normal"><span class="s2075739SCL">Source:</span><span xml:space="preserve" class="s2075739SCL-000003"> SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075740Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075740SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075740CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075740Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075740DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075740000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075740SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075740SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075740Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-36"><span class="s2075740SENU">58-24-36</span></a><span xml:space="preserve" class="s2075740SENU">. </span><span class="s2075740CL">Issuance of license--Finding by director--Time for granting or denying application.</span></p><p dir="ltr" class="s2075740Normal-000000"><span class="s2075740DefaultParagraphFont">If the director finds that the applicant is competent, trustworthy, and otherwise qualified to act as a rating organization and that the contents of its application conform to the requirements of law, the director shall issue a license specifying the kinds of insurance, or subdivisions or classes of risks or parts or combinations thereof for which the applicant is authorized to act as a rating organization. Each application shall be granted or denied in whole or in part by the director within sixty days of the date of its filing with the director.</span></p><p dir="ltr" class="s2075740Normal"><span xml:space="preserve" class="s2075740000001"> </span></p><p dir="ltr" class="s2075740Normal"><span class="s2075740SCL">Source:</span><span xml:space="preserve" class="s2075740SCL-000002"> SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075741Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075741SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075741CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075741Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075741DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075741000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075741SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075741SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075741Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-37"><span class="s2075741SENU">58-24-37</span></a><span xml:space="preserve" class="s2075741SENU">. </span><span class="s2075741CL">Duration of rating organization license--Fee.</span></p><p dir="ltr" class="s2075741Normal-000000"><span xml:space="preserve" class="s2075741DefaultParagraphFont">Each license issued pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-36"><span class="s2075741DefaultParagraphFont">58-24-36</span></a><span xml:space="preserve" class="s2075741DefaultParagraphFont"> remains in effect for three years unless suspended or revoked by the director. The license fee for any applicant pursuant to this chapter is twenty-five dollars.</span></p><p dir="ltr" class="s2075741Normal"><span xml:space="preserve" class="s2075741000001"> </span></p><p dir="ltr" class="s2075741Normal"><span class="s2075741SCL">Source:</span><span xml:space="preserve" class="s2075741SCL-000002"> SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075742Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075742SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075742CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075742Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075742DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075742000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075742SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075742SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075742Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-38"><span class="s2075742SENU">58-24-38</span></a><span xml:space="preserve" class="s2075742SENU">. </span><span class="s2075742CL">Suspension or revocation of license.</span></p><p dir="ltr" class="s2075742Normal-000000"><span xml:space="preserve" class="s2075742DefaultParagraphFont">Any license issued pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-36"><span class="s2075742DefaultParagraphFont">58-24-36</span></a><span xml:space="preserve" class="s2075742DefaultParagraphFont"> may be suspended or revoked by the director, after hearing upon notice, if the rating organization ceases to meet any requirement of this chapter, including the requirements of initial licensure.</span></p><p dir="ltr" class="s2075742Normal"><span xml:space="preserve" class="s2075742000001"> </span></p><p dir="ltr" class="s2075742Normal"><span class="s2075742SCL">Source:</span><span xml:space="preserve" class="s2075742SCL-000002"> SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075743Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075743SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075743CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075743Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075743DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075743000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075743SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075743SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075743Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-39"><span class="s2075743SENU">58-24-39</span></a><span xml:space="preserve" class="s2075743SENU">. </span><span class="s2075743CL">Notice to director of change in license application information.</span></p><p dir="ltr" class="s2075743Normal-000000"><span xml:space="preserve" class="s2075743DefaultParagraphFont">Each rating organization shall notify the director promptly of any change in information from what was provided in its application pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-35"><span class="s2075743DefaultParagraphFont">58-24-35</span></a><span class="s2075743DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075743Normal"><span xml:space="preserve" class="s2075743000001"> </span></p><p dir="ltr" class="s2075743Normal"><span class="s2075743SCL">Source:</span><span xml:space="preserve" class="s2075743SCL-000002"> SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 6.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075744Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075744SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075744CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075744Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075744DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075744000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075744SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075744SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075744Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-40"><span class="s2075744SENU">58-24-40</span></a><span xml:space="preserve" class="s2075744SENU">. </span><span class="s2075744CL">Subscribers to rating services--Rules of rating organization.</span></p><p dir="ltr" class="s2075744Normal-000000"><span class="s2075744DefaultParagraphFont">Subject to rules and regulations of the rating organization that have been approved by the director as reasonable, each rating organization shall permit any insurer that is not a member to be a subscriber to its rating services for any kind of insurance for which it is licensed. Notice of any proposed change to a rule shall be given to each subscriber. Each rating organization shall furnish its rating services without discrimination to each member and subscriber.</span></p><p dir="ltr" class="s2075744Normal"><span xml:space="preserve" class="s2075744000001"> </span></p><p dir="ltr" class="s2075744Normal"><span class="s2075744SCL">Source:</span><span xml:space="preserve" class="s2075744SCL-000002"> SL 1966, ch 111, ch 15, § 6 (2); SL 2014, ch 239, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075745Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075745SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075745CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075745Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075745DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075745000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075745SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075745SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075745Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-41"><span class="s2075745SENU">58-24-41</span></a><span xml:space="preserve" class="s2075745SENU">. </span><span class="s2075745CL">Review by director of reasonableness of rule or refusal to admit insurer as subscriber.</span></p><p dir="ltr" class="s2075745Normal-000000"><span xml:space="preserve" class="s2075745DefaultParagraphFont">Any subscriber, member, or insurer may request a hearing held by the director to determine the reasonableness of any rule or regulation of a rating organization in its application to each subscriber or the refusal of any rating organization to admit an insurer as a subscriber. The hearing shall be held upon at least ten days' written notice to such rating organization and to each subscriber or insurer pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075745DefaultParagraphFont">1-26</span></a><span class="s2075745DefaultParagraphFont">. If the director finds that the rule is unreasonable in its application to subscribers, or that an insurer is denied subscription without justification, the director shall order that the rule is not applicable to subscribers or that the insurer is to be admitted as a subscriber, as applicable.</span></p><p dir="ltr" class="s2075745Normal"><span xml:space="preserve" class="s2075745000001"> </span></p><p dir="ltr" class="s2075745Normal"><span class="s2075745SCL">Source:</span><span xml:space="preserve" class="s2075745SCL-000002"> SL 1966, ch 111, ch 15, § 6 (2); SL 2014, ch 239, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075746Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075746SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075746CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075746Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075746DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075746000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075746SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075746SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075746Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-42"><span class="s2075746SENU">58-24-42</span></a><span xml:space="preserve" class="s2075746SENU">. </span><span class="s2075746CL">Order affirming action of rating organization.</span></p><p dir="ltr" class="s2075746Normal-000000"><span xml:space="preserve" class="s2075746DefaultParagraphFont">If, after the hearing held pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-41"><span class="s2075746DefaultParagraphFont">58-24-41</span></a><span class="s2075746DefaultParagraphFont">, the director finds that the action of the rating organization was justified, the director shall issue an order affirming its action.</span></p><p dir="ltr" class="s2075746Normal"><span xml:space="preserve" class="s2075746000001"> </span></p><p dir="ltr" class="s2075746Normal"><span class="s2075746SCL">Source:</span><span xml:space="preserve" class="s2075746SCL-000002"> SL 1966, ch 111, ch 15, § 6 (2); SL 2014, ch 239, § 9.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075747Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075747SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075747CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075747Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075747DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075747000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075747SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075747SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075747Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-43"><span class="s2075747SENU">58-24-43</span></a><span xml:space="preserve" class="s2075747SENU">. </span><span class="s2075747CL">Actuarial, technical, or other services provided to subscribers.</span></p><p dir="ltr" class="s2075747Normal-000000"><span class="s2075747DefaultParagraphFont">Any rating organization may subscribe for or purchase actuarial, technical, or other services, and such services shall be available to all members and subscribers without discrimination.</span></p><p dir="ltr" class="s2075747Normal"><span xml:space="preserve" class="s2075747000001"> </span></p><p dir="ltr" class="s2075747Normal"><span class="s2075747SCL">Source:</span><span xml:space="preserve" class="s2075747SCL-000002"> SL 1966, ch 111, ch 15, § 6 (6).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075748Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075748SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075748CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075748Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075748DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075748000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075748SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075748SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075748Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-44"><span class="s2075748SENU">58-24-44</span></a><span xml:space="preserve" class="s2075748SENU">. </span><span class="s2075748CL">Examination of evidences of insurance or cancellation--Rules as to submission--Information confidential.</span></p><p dir="ltr" class="s2075748Normal-000000"><span class="s2075748DefaultParagraphFont">Any rating organization may provide for the examination of policies, daily reports, binders, renewal certificates, endorsements, or other evidences of insurance, or the cancellation thereof, and may make reasonable rules governing their submission. Rules shall contain a provision that if any insurer does not furnish satisfactory evidence to the rating organization of the correction of any error or omission previously called to its attention by the rating organization within sixty days, the rating organization shall notify the director thereof. All information submitted for examination under this section is confidential.</span></p><p dir="ltr" class="s2075748Normal"><span xml:space="preserve" class="s2075748000001"> </span></p><p dir="ltr" class="s2075748Normal"><span class="s2075748SCL">Source:</span><span xml:space="preserve" class="s2075748SCL-000002"> SL 1966, ch 111, ch 15, § 6 (5); SL 2014, ch 239, § 10.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075749Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075749SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075749CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075749Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075749DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075749000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075749SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075749SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075749Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-45"><span class="s2075749SENU">58-24-45</span></a><span xml:space="preserve" class="s2075749SENU">. </span><span class="s2075749CL">Regulation of payment of dividends, savings, or unabsorbed premium deposits prohibited.</span></p><p dir="ltr" class="s2075749Normal-000000"><span class="s2075749DefaultParagraphFont">No rating organization may adopt any rule the effect of which would prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers.</span></p><p dir="ltr" class="s2075749Normal"><span xml:space="preserve" class="s2075749000001"> </span></p><p dir="ltr" class="s2075749Normal"><span class="s2075749SCL">Source:</span><span xml:space="preserve" class="s2075749SCL-000002"> SL 1966, ch 111, ch 15, § 6 (3); SL 2014, ch 239, § 11.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075750Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075750SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075750CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075750Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075750DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075750Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2075750Normal-000002 { margin-left: 1.14in; text-indent: -0.44in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075750000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075750SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075750SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075750Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-45.1"><span class="s2075750SENU">58-24-45.1</span></a><span xml:space="preserve" class="s2075750SENU">. </span><span class="s2075750CL">Group insurance marketing permitted--Conditions.</span></p><p dir="ltr" class="s2075750Normal-000000"><span class="s2075750DefaultParagraphFont">An insurer may market insurance through a group insurance or mass marketing plan, franchise, or blanket policy for any line of insurance regulated under this chapter if:</span></p><p dir="ltr" class="s2075750Normal-000001"><span class="s2075750DefaultParagraphFont">(1)    The insured group was not formed solely for the purpose of purchasing insurance; and</span></p><p dir="ltr" class="s2075750Normal-000001"><span class="s2075750DefaultParagraphFont">(2)    The premium is paid or collected by:</span></p><p dir="ltr" class="s2075750Normal-000002"><span xml:space="preserve" class="s2075750DefaultParagraphFont">(a)    An employer, labor union, or the trustee of a fund established by the employer or labor union; </span></p><p dir="ltr" class="s2075750Normal-000002"><span xml:space="preserve" class="s2075750DefaultParagraphFont">(b)    The trustee of a fund established by two or more employers in the same industry, or related industries; </span></p><p dir="ltr" class="s2075750Normal-000002"><span class="s2075750DefaultParagraphFont">(c)    Two or more labor unions or an association which have been in existence for one or more years and which have a constitution and bylaws; or</span></p><p dir="ltr" class="s2075750Normal-000002"><span class="s2075750DefaultParagraphFont">(d)    A wireless telecommunications provider from its customers and the premium is for insurance covering wireless telecommunications equipment.</span></p><p dir="ltr" class="s2075750Normal"><span xml:space="preserve" class="s2075750000003"> </span></p><p dir="ltr" class="s2075750Normal"><span class="s2075750SCL">Source:</span><span xml:space="preserve" class="s2075750SCL-000004"> SL 1979, ch 341, § 12; SL 2008, ch 270, § 1; SL 2014, ch 239, § 12.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075751Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075751SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075751CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075751Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075751DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075751DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075751000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075751SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075751SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075751Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-46"><span class="s2075751SENU">58-24-46</span></a><span xml:space="preserve" class="s2075751SENU">. </span><span class="s2075751CL">Cooperation between organizations and insurers authorized--Review of cooperative activities by director.</span></p><p dir="ltr" class="s2075751Normal-000000"><span class="s2075751DefaultParagraphFont">Cooperation among rating organizations or among rating organizations and insurers in rate</span><span class="s2075751DefaultParagraphFont-000001">-</span><span class="s2075751DefaultParagraphFont">making or in other matters within the scope of this chapter is hereby authorized, provided the filings resulting from such cooperation are subject to all the provisions of this chapter which are applicable to filings generally. The director may review such cooperative activities and practices and if, after a hearing, he finds that any such activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, he may issue a written order specifying in what respects such activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter and requiring the discontinuance of such activity or practice.</span></p><p dir="ltr" class="s2075751Normal"><span xml:space="preserve" class="s2075751000002"> </span></p><p dir="ltr" class="s2075751Normal"><span class="s2075751SCL">Source:</span><span xml:space="preserve" class="s2075751SCL-000003"> SL 1966, ch 111, ch 15, § 6 (4).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075752Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075752SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075752CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075752Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075752DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075752000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075752SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075752SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075752Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-47"><span class="s2075752SENU">58-24-47</span></a><span xml:space="preserve" class="s2075752SENU">. </span><span class="s2075752CL">Appeal to director from action of rating organization--Hearing--Order.</span></p><p dir="ltr" class="s2075752Normal-000000"><span class="s2075752DefaultParagraphFont">Any member or subscriber to a rating organization may appeal to the director from the action or decision of the rating organization in approving or rejecting any proposed change in or addition to the filings of the rating organization. The director shall, after a hearing held upon not less than ten days' written notice to the appellant and to the rating organization, issue an order approving the action or decision of the rating organization or, if the director finds that the action or decision was unreasonable, issue an order directing the rating organization to make an addition to its filings on behalf of its members and subscribers, in a manner consistent with the director's findings within a reasonable time after the issuance of the order.</span></p><p dir="ltr" class="s2075752Normal"><span xml:space="preserve" class="s2075752000001"> </span></p><p dir="ltr" class="s2075752Normal"><span class="s2075752SCL">Source:</span><span xml:space="preserve" class="s2075752SCL-000002"> SL 1966, ch 111, ch 15, § 8; SL 2014, ch 239, § 13.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075753Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075753SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075753CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075753Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075753DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075753000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075753SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075753SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075753Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-48"><span class="s2075753SENU">58-24-48</span></a><span xml:space="preserve" class="s2075753SENU">. </span><span class="s2075753CL">Appeal based on failure to file for different expense system--Application of rate-making standards.</span></p><p dir="ltr" class="s2075753Normal-000000"><span xml:space="preserve" class="s2075753DefaultParagraphFont">If an appeal under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-47"><span class="s2075753DefaultParagraphFont">58-24-47</span></a><span xml:space="preserve" class="s2075753DefaultParagraphFont"> is based upon the failure of the rating organization to make a filing on behalf of the member or subscriber, which is based on a system of expense provisions which differs, in accordance with the right granted in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-8"><span class="s2075753DefaultParagraphFont">58-24-8</span></a><span xml:space="preserve" class="s2075753DefaultParagraphFont">, from the system of expense provisions included in a filing made by the rating organization, the director shall, if the director grants the appeal, order the rating organization to make the requested filing for use by the appellant. In deciding the appeal the director shall apply the standards set forth in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075753DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s2075753DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-9"><span class="s2075753DefaultParagraphFont">58-24-9</span></a><span class="s2075753DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075753Normal"><span xml:space="preserve" class="s2075753000001"> </span></p><p dir="ltr" class="s2075753Normal"><span class="s2075753SCL">Source:</span><span xml:space="preserve" class="s2075753SCL-000002"> SL 1966, ch 111, ch 15, § 8; SL 2014, ch 239, § 14.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075754Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075754SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075754CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075754Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075754DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075754000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075754SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075754SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075754Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-49"><span class="s2075754SENU">58-24-49</span></a><span xml:space="preserve" class="s2075754SENU">. </span><span class="s2075754CL">Application of insurer to file deviation--Basis for modification--Copy to rating organization.</span></p><p dir="ltr" class="s2075754Normal-000000"><span class="s2075754DefaultParagraphFont">Every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by such organization except that any such insurer may make written application to the director to file a deviation from the class rates, schedules, rating plans, or rules respecting any kind of insurance, or class of risk within a kind of insurance, or combination thereof. Such application shall specify the basis for the modification and a copy shall also be sent simultaneously to such rating organization.</span></p><p dir="ltr" class="s2075754Normal"><span xml:space="preserve" class="s2075754000001"> </span></p><p dir="ltr" class="s2075754Normal"><span class="s2075754SCL">Source:</span><span xml:space="preserve" class="s2075754SCL-000002"> SL 1966, ch 111, ch 15, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075755Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075755SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075755CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075755Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075755DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075755DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075755000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075755SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075755SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075755Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-50"><span class="s2075755SENU">58-24-50</span></a><span xml:space="preserve" class="s2075755SENU">. </span><span class="s2075755CL">Deviations to be uniform within class.</span></p><p dir="ltr" class="s2075755Normal-000000"><span xml:space="preserve" class="s2075755DefaultParagraphFont">As to all forms of casualty insurance, including workers' compensation or any combination thereof, no application shall be granted under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-51"><span class="s2075755DefaultParagraphFont">58-24-51</span></a><span xml:space="preserve" class="s2075755DefaultParagraphFont"> unless the requested deviation is based upon a uniform percentage decrease or increase to be applied to the premiums produced by such rating system, as filed, for a kind of insurance or for a class of insurance which is found by the director to be a proper rating unit for the application of such uniform percentage decrease or increase, or for a subdivision of a kind of insurance comprised of a group of manual classifications which are treated as a separate unit for rate</span><span class="s2075755DefaultParagraphFont-000001">-</span><span class="s2075755DefaultParagraphFont">making purposes or for which separate expense provisions are included in the filings of the rating organization.</span></p><p dir="ltr" class="s2075755Normal"><span xml:space="preserve" class="s2075755000002"> </span></p><p dir="ltr" class="s2075755Normal"><span class="s2075755SCL">Source:</span><span xml:space="preserve" class="s2075755SCL-000003"> SL 1966, ch 111, ch 15, § 3 (2).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075756Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075756SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075756CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075756Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075756DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075756DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075756000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075756SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075756SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075756Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-51"><span class="s2075756SENU">58-24-51</span></a><span xml:space="preserve" class="s2075756SENU">. </span><span class="s2075756CL">Criteria considered on application for deviation--Order permitting or denying deviation.</span></p><p dir="ltr" class="s2075756Normal-000000"><span class="s2075756DefaultParagraphFont">In considering the application to file such deviation, the director shall give consideration to the available statistics and the principles for rate</span><span class="s2075756DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2075756DefaultParagraphFont">making as provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-5"><span class="s2075756DefaultParagraphFont">58-24-5</span></a><span xml:space="preserve" class="s2075756DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-9"><span class="s2075756DefaultParagraphFont">58-24-9</span></a><span class="s2075756DefaultParagraphFont">, inclusive. The director shall issue an order permitting the deviation for such insurer to be filed if he finds it to be justified and it shall thereupon become effective. He shall issue an order denying such application if he finds that the deviation applied for does not meet the requirements of this chapter.</span></p><p dir="ltr" class="s2075756Normal"><span xml:space="preserve" class="s2075756000002"> </span></p><p dir="ltr" class="s2075756Normal"><span class="s2075756SCL">Source:</span><span xml:space="preserve" class="s2075756SCL-000003"> SL 1966, ch 111, ch 15, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075757Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075757SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075757CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075757Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075757DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075757000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075757SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075757SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075757Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-52"><span class="s2075757SENU">58-24-52</span></a><span xml:space="preserve" class="s2075757SENU">. </span><span class="s2075757CL">Duration of permitted deviation.</span></p><p dir="ltr" class="s2075757Normal-000000"><span xml:space="preserve" class="s2075757DefaultParagraphFont">Each deviation permitted to be filed shall remain in effect for a period of not less than one year from the effective date unless sooner withdrawn by the insurer with the approval of the director or until terminated in accordance with the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-21"><span class="s2075757DefaultParagraphFont">58-24-21</span></a><span xml:space="preserve" class="s2075757DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-24"><span class="s2075757DefaultParagraphFont">58-24-24</span></a><span class="s2075757DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075757Normal"><span xml:space="preserve" class="s2075757000001"> </span></p><p dir="ltr" class="s2075757Normal"><span class="s2075757SCL">Source:</span><span xml:space="preserve" class="s2075757SCL-000002"> SL 1966, ch 111, ch 15, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075758Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075758SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075758CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075758Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075758DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075758000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075758SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075758SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075758Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-53"><span class="s2075758SENU">58-24-53</span></a><span xml:space="preserve" class="s2075758SENU">. </span><span class="s2075758CL">Advisory organization license required.</span></p><p dir="ltr" class="s2075758Normal-000000"><span class="s2075758DefaultParagraphFont">Each group, association, or other organization of insurers, whether located within or outside this state, which assists insurers which make their own filings or rating organizations in rate-making, by the collection and furnishing of loss or expense statistics, or by the submission of recommendations, but which does not make filings under this chapter shall be subject to licensure pursuant to this chapter as an advisory organization.</span></p><p dir="ltr" class="s2075758Normal"><span xml:space="preserve" class="s2075758000001"> </span></p><p dir="ltr" class="s2075758Normal"><span class="s2075758SCL">Source:</span><span xml:space="preserve" class="s2075758SCL-000002"> SL 1966, ch 111, ch 15, § 10 (1); SL 2014, ch 239, § 15.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075759Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075759SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075759CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075759Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075759DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075759000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075759SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075759SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075759Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-54"><span class="s2075759SENU">58-24-54</span></a><span xml:space="preserve" class="s2075759SENU">. </span><span class="s2075759CL">Advisory organization filing requirements.</span></p><p dir="ltr" class="s2075759Normal-000000"><span xml:space="preserve" class="s2075759DefaultParagraphFont">Each advisory organization shall file with the director the requirements of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-35"><span class="s2075759DefaultParagraphFont">58-24-35</span></a><span xml:space="preserve" class="s2075759DefaultParagraphFont"> and an agreement that the director may examine the advisory organization in accordance with the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-59"><span class="s2075759DefaultParagraphFont">58-24-59</span></a><span class="s2075759DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075759Normal"><span xml:space="preserve" class="s2075759000001"> </span></p><p dir="ltr" class="s2075759Normal"><span class="s2075759SCL">Source:</span><span xml:space="preserve" class="s2075759SCL-000002"> SL 1966, ch 111, ch 15, § 10 (2); SL 2014, ch 239, § 16.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075760Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075760SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075760CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075760Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075760DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075760000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075760SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075760SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075760Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-55"><span class="s2075760SENU">58-24-55</span></a><span xml:space="preserve" class="s2075760SENU">. </span><span class="s2075760CL">Unfair or unreasonable advisory organization practices--Order requiring discontinuance.</span></p><p dir="ltr" class="s2075760Normal-000000"><span class="s2075760DefaultParagraphFont">If the director finds that an advisory organization has furnished information or assistance that involves any act or practice which is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, the director may issue an order specifying in what respect such act or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, and requiring the discontinuance of such act or practice.</span></p><p dir="ltr" class="s2075760Normal"><span xml:space="preserve" class="s2075760000001"> </span></p><p dir="ltr" class="s2075760Normal"><span class="s2075760SCL">Source:</span><span xml:space="preserve" class="s2075760SCL-000002"> SL 1966, ch 111, ch 15, § 10 (3); SL 2014, ch 239, § 17.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075761Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075761SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075761CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075761Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075761DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075761000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075761SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075761SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075761Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-56"><span class="s2075761SENU">58-24-56</span></a><span xml:space="preserve" class="s2075761SENU">. </span><span class="s2075761CL">Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.</span></p><p dir="ltr" class="s2075761Normal-000000"><span xml:space="preserve" class="s2075761DefaultParagraphFont">No insurer that makes its own filings or any rating organization that submits filings with the division may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-54"><span class="s2075761DefaultParagraphFont">58-24-54</span></a><span xml:space="preserve" class="s2075761DefaultParagraphFont"> or with an order of the director involving statistics or recommendations issued under § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-55"><span class="s2075761DefaultParagraphFont">58-24-55</span></a><span class="s2075761DefaultParagraphFont">. If the director finds an insurer or rating organization to be in violation of this section the director may issue an order requiring the discontinuance of the violation.</span></p><p dir="ltr" class="s2075761Normal"><span xml:space="preserve" class="s2075761000001"> </span></p><p dir="ltr" class="s2075761Normal"><span class="s2075761SCL">Source:</span><span xml:space="preserve" class="s2075761SCL-000002"> SL 1966, ch 111, ch 15, § 10 (4); SL 2014, ch 239, § 18.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075762Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075762SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075762CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075762Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075762DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075762000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075762SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075762SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075762Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-57"><span class="s2075762SENU">58-24-57</span></a><span xml:space="preserve" class="s2075762SENU">. </span><span class="s2075762CL">Insurers engaging in joint underwriting or joint reinsurance subject to regulation.</span></p><p dir="ltr" class="s2075762Normal-000000"><span class="s2075762DefaultParagraphFont">Every group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance shall be subject to regulation with respect thereto as provided in this title.</span></p><p dir="ltr" class="s2075762Normal"><span xml:space="preserve" class="s2075762000001"> </span></p><p dir="ltr" class="s2075762Normal"><span class="s2075762SCL">Source:</span><span xml:space="preserve" class="s2075762SCL-000002"> SL 1966, ch 111, ch 15, § 11 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075763Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075763SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075763CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075763Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075763DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075763000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075763SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075763SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075763Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-58"><span class="s2075763SENU">58-24-58</span></a><span xml:space="preserve" class="s2075763SENU">. </span><span class="s2075763CL">Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.</span></p><p dir="ltr" class="s2075763Normal-000000"><span xml:space="preserve" class="s2075763DefaultParagraphFont">If, after a hearing, the director finds that any activity or practice of any group identified in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-57"><span class="s2075763DefaultParagraphFont">58-24-57</span></a><span xml:space="preserve" class="s2075763DefaultParagraphFont"> is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter, the director may issue an order specifying in what respect the activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of this chapter and requiring the discontinuance of the activity or practice.</span></p><p dir="ltr" class="s2075763Normal"><span xml:space="preserve" class="s2075763000001"> </span></p><p dir="ltr" class="s2075763Normal"><span class="s2075763SCL">Source:</span><span xml:space="preserve" class="s2075763SCL-000002"> SL 1966, ch 111, ch 15, § 11 (2); SL 2014, ch 239, § 19.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075764Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075764SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075764CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075764Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075764DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075764000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075764SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075764SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075764Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-59"><span class="s2075764SENU">58-24-59</span></a><span xml:space="preserve" class="s2075764SENU">. </span><span class="s2075764CL">Examination of rating organizations, advisory organizations, joint underwriters, and joint reinsurers--Acceptance of report of official of another state.</span></p><p dir="ltr" class="s2075764Normal-000000"><span xml:space="preserve" class="s2075764DefaultParagraphFont">As often as the director deems necessary, the director shall examine each rating organization licensed in this state as provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-35"><span class="s2075764DefaultParagraphFont">58-24-35</span></a><span xml:space="preserve" class="s2075764DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-39"><span class="s2075764DefaultParagraphFont">58-24-39</span></a><span xml:space="preserve" class="s2075764DefaultParagraphFont">, inclusive, each advisory organization referred to in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-53"><span class="s2075764DefaultParagraphFont">58-24-53</span></a><span xml:space="preserve" class="s2075764DefaultParagraphFont">, and each group, association, or other organization referred to in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-57"><span class="s2075764DefaultParagraphFont">58-24-57</span></a><span class="s2075764DefaultParagraphFont">. The cost of any examination shall be paid by the rating organization, advisory organization, or group, association or other organization examined. The officers, manager, agents, and employees of the rating organization, advisory organization, or group, association, or other organization may be examined at any time under oath and shall exhibit all books, records, accounts, documents, or agreements governing its method of operation. In lieu of the above, the director may accept the report of an examination made by the insurance supervisory official of another state. No rating organization examined may be reimbursed from the examination fund.</span></p><p dir="ltr" class="s2075764Normal"><span xml:space="preserve" class="s2075764000001"> </span></p><p dir="ltr" class="s2075764Normal"><span class="s2075764SCL">Source:</span><span xml:space="preserve" class="s2075764SCL-000002"> SL 1966, ch 111, ch 15, § 12; SL 2014, ch 239, § 20.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS58-24-60 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-24-60 "> <META NAME="Description" Content="South Dakota Codified Laws 58-24-60"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 58-24-60. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1986, ch 22, &#167;&nbsp;36<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075766Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075766SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075766CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075766Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075766DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075766000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075766SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075766SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075766Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-61"><span class="s2075766SENU">58-24-61</span></a><span xml:space="preserve" class="s2075766SENU">. </span><span class="s2075766CL">Violation of chapter--Penalties.</span></p><p dir="ltr" class="s2075766Normal-000000"><span class="s2075766DefaultParagraphFont">The director may, if the director finds that any person or organization has violated any provision of this chapter, issue an order which imposes a penalty of not more than five hundred dollars for each violation, but if the director finds a violation to be willful the director may impose a penalty of not more than five thousand dollars for each violation. The penalties may be in addition to any other penalty provided by law or order of the director issued pursuant to this chapter.</span></p><p dir="ltr" class="s2075766Normal"><span xml:space="preserve" class="s2075766000001"> </span></p><p dir="ltr" class="s2075766Normal"><span class="s2075766SCL">Source:</span><span xml:space="preserve" class="s2075766SCL-000002"> SL 1966, ch 111, ch 15, § 16; SL 2014, ch 239, § 21.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075767Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075767SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075767CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075767Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075767DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075767000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075767SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075767SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075767Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-62"><span class="s2075767SENU">58-24-62</span></a><span xml:space="preserve" class="s2075767SENU">. </span><span class="s2075767CL">Suspension of license of rating organization or insurer.</span></p><p dir="ltr" class="s2075767Normal-000000"><span class="s2075767DefaultParagraphFont">The director may suspend the license of any rating organization or insurer that fails to comply with an order of the director after the time prescribed for an appeal therefrom has expired or the order has been affirmed on appeal. The director may determine when a suspension of license becomes effective. Any suspension remains in effect for the period fixed by the director, or until the order upon which the suspension is based is modified, rescinded, or reversed.</span></p><p dir="ltr" class="s2075767Normal"><span xml:space="preserve" class="s2075767000001"> </span></p><p dir="ltr" class="s2075767Normal"><span class="s2075767SCL">Source:</span><span xml:space="preserve" class="s2075767SCL-000002"> SL 1966, ch 111, ch 15, § 16; SL 2014, ch 239, § 22.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075768Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075768SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075768CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075768Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075768DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075768000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075768SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075768SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075768Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-63"><span class="s2075768SENU">58-24-63</span></a><span xml:space="preserve" class="s2075768SENU">. </span><span class="s2075768CL">Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.</span></p><p dir="ltr" class="s2075768Normal-000000"><span class="s2075768DefaultParagraphFont">No penalty shall be imposed and no license shall be suspended or revoked except upon a written order of the director, stating his findings, made after a hearing held upon not less than ten days' written notice to such person or organization specifying the alleged violation.</span></p><p dir="ltr" class="s2075768Normal"><span xml:space="preserve" class="s2075768000001"> </span></p><p dir="ltr" class="s2075768Normal"><span class="s2075768SCL">Source:</span><span xml:space="preserve" class="s2075768SCL-000002"> SL 1966, ch 111, ch 15, § 16.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075769Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075769SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075769CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075769Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075769DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075769000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075769SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075769SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075769Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-64"><span class="s2075769SENU">58-24-64</span></a><span xml:space="preserve" class="s2075769SENU">. </span><span class="s2075769CL">Request for hearing on order or decision--Notice--Affirmance, reversal, or modification.</span></p><p dir="ltr" class="s2075769Normal-000000"><span xml:space="preserve" class="s2075769DefaultParagraphFont">Any insurer or rating organization aggrieved by any order or decision of the director made without a hearing, may, within thirty days after notice of the order to the insurer or organization, make written request to the director for a hearing thereon. The director shall issue a notice of hearing pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075769DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2075769DefaultParagraphFont"> within twenty days after receipt of a request and shall give not less than ten days' written notice of the time and place of the hearing. Within a reasonable time after the hearing the director shall affirm, reverse, or modify the director's previous action, specifying the reasons therefor. Pending the hearing and decision thereon the director may suspend or postpone the effective date of the director's previous action.</span></p><p dir="ltr" class="s2075769Normal"><span xml:space="preserve" class="s2075769000001"> </span></p><p dir="ltr" class="s2075769Normal"><span class="s2075769SCL">Source:</span><span xml:space="preserve" class="s2075769SCL-000002"> SL 1966, ch 111, ch 15, § 17 (1); SL 2014, ch 239, § 23.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075770Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075770SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075770CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075770Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075770DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075770000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075770SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075770SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075770Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-65"><span class="s2075770SENU">58-24-65</span></a><span xml:space="preserve" class="s2075770SENU">. </span><span class="s2075770CL">Rehearing and appeal from order of director.</span></p><p dir="ltr" class="s2075770Normal-000000"><span xml:space="preserve" class="s2075770DefaultParagraphFont">Any order or decision of the director in proceedings arising under this chapter shall be subject to rehearing and review on appeal in the same manner and by the same procedure as provided by chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075770DefaultParagraphFont">1-26</span></a><span class="s2075770DefaultParagraphFont">, and such procedure shall be exclusive of all other remedies.</span></p><p dir="ltr" class="s2075770Normal"><span xml:space="preserve" class="s2075770000001"> </span></p><p dir="ltr" class="s2075770Normal"><span class="s2075770SCL">Source:</span><span xml:space="preserve" class="s2075770SCL-000002"> SL 1966, ch 111, ch 15, § 17 (2).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075771Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075771SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075771CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075771Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075771DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075771000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075771SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075771SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075771Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-66"><span class="s2075771SENU">58-24-66</span></a><span xml:space="preserve" class="s2075771SENU">. </span><span class="s2075771CL">Notice required for filing for workers' compensation insurance.</span></p><p dir="ltr" class="s2075771Normal-000000"><span xml:space="preserve" class="s2075771DefaultParagraphFont">At least fifteen days before any rating organization makes a loss cost filing required by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-10"><span class="s2075771DefaultParagraphFont">58-24-10</span></a><span xml:space="preserve" class="s2075771DefaultParagraphFont"> for workers' compensation insurance, the rating organization shall give the director of the Division of Insurance notice of its intent to make a loss cost filing.</span></p><p dir="ltr" class="s2075771Normal"><span xml:space="preserve" class="s2075771000001"> </span></p><p dir="ltr" class="s2075771Normal"><span class="s2075771SCL">Source:</span><span xml:space="preserve" class="s2075771SCL-000002"> SL 1990, ch 401, § 1; SL 1993, ch 362, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075772Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075772SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075772CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075772Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075772DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075772000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075772SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075772SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075772Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-67"><span class="s2075772SENU">58-24-67</span></a><span xml:space="preserve" class="s2075772SENU">. </span><span class="s2075772CL">Notice to workers' compensation purchaser organizations.</span></p><p dir="ltr" class="s2075772Normal-000000"><span xml:space="preserve" class="s2075772DefaultParagraphFont">Within thirty days of receipt of a notice pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-66"><span class="s2075772DefaultParagraphFont">58-24-66</span></a><span class="s2075772DefaultParagraphFont">, the director of the Division of Insurance shall schedule an informal hearing and send notice of the intent to conduct the informal hearing to organizations of purchasers of workers' compensation insurance and insurers who have registered with the director to receive such notices.</span></p><p dir="ltr" class="s2075772Normal"><span xml:space="preserve" class="s2075772000001"> </span></p><p dir="ltr" class="s2075772Normal"><span class="s2075772SCL">Source:</span><span xml:space="preserve" class="s2075772SCL-000002"> SL 1990, ch 401, § 2; SL 1993, ch 362, § 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s4ea43822b53f4cb5b72084e601f6cd0dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4ea43822b53f4cb5b72084e601f6cd0dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4ea43822b53f4cb5b72084e601f6cd0dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s4ea43822b53f4cb5b72084e601f6cd0dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1 { margin-left: 0.75in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont-000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4ea43822b53f4cb5b72084e601f6cd0d000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s4ea43822b53f4cb5b72084e601f6cd0dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4ea43822b53f4cb5b72084e601f6cd0dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 58-24-68 - Exempt commercial policyholder--Definition."><meta property="og:description" content="SDLRC Codified Law 58-24-68 - Exempt commercial policyholder--Definition."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=58-24-68"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=58-24-68" rel="noopener"><span class="s4ea43822b53f4cb5b72084e601f6cd0dSENU">58-24-68</span></a><span xml:space="preserve" class="s4ea43822b53f4cb5b72084e601f6cd0dSENU">. </span><span class="s4ea43822b53f4cb5b72084e601f6cd0dCL">Exempt commercial policyholder--Definition.</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatute"><span xml:space="preserve" class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">For the purposes of §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-68" rel="noopener"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=58-24-74" rel="noopener"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">58-24-74</span></a><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">, inclusive, the term, exempt commercial policyholder, means any person who applies for or procures any kind of property casualty insurance, except title or workers' compensation insurance, through the use of a risk manager employed or retained by such person, and meets at least two of the following qualifications:</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(1)    Has purchased the insurance with aggregate premiums in the sum of at least fifty thousand dollars, during the most recently completed calendar year;</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(2)    Has a net worth of at least ten million dollars, as reported in the policyholder's most recently issued financial statement, reviewed or audited by an independent certified public accountant;</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(3)    Has annual net revenues or net sales of at least ten million dollars, as reported in the policyholder's most recently issued financial statement, reviewed or audited by an independent certified public accountant;</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(4)    Employs at least one hundred full</span><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont-000000">-</span><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">time employees, either individually or, if the policyholder is a member of an affiliated group, collectively with all members of the affiliated group;</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(5)    Has, if the policyholder is a nonprofit organization, an annual operating budget of at least two million five hundred thousand dollars, for the most recently completed calendar or fiscal year, whichever applies;</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(6)    Has, if the policyholder is a public entity, an operating budget of at least ten million dollars, for the most recently completed calendar or fiscal year, whichever applies; or</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dStatuteNumber1"><span class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont">(7)    Has, if the policyholder is a municipality, a population of at least twenty thousand.</span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dNormal"><span xml:space="preserve" class="s4ea43822b53f4cb5b72084e601f6cd0d000001"> </span></p><p dir="ltr" class="s4ea43822b53f4cb5b72084e601f6cd0dNoIndent"><span xml:space="preserve" class="s4ea43822b53f4cb5b72084e601f6cd0dDefaultParagraphFont-000002">Source: </span><span class="s4ea43822b53f4cb5b72084e601f6cd0dSCL">SL 2004, ch 307, § 1; SL 2022, ch 183, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075774Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075774SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075774CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075774Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075774DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075774DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075774Normal-000002 { margin-top: 0; margin-bottom: 0; margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } p.s2075774Normal-000003 { margin-top: 0; margin-bottom: 0; margin-left: 1.14in; text-indent: -0.44in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2075774000004 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075774SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075774SCL-000005 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075774Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-69"><span class="s2075774SENU">58-24-69</span></a><span xml:space="preserve" class="s2075774SENU">. </span><span class="s2075774CL">Risk manager defined.</span></p><p dir="ltr" class="s2075774Normal-000000"><span xml:space="preserve" class="s2075774DefaultParagraphFont">For the purposes of §§ 58-24-68 to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-74"><span class="s2075774DefaultParagraphFont">58-24-74</span></a><span class="s2075774DefaultParagraphFont">, inclusive, the term, risk manager, means an employee of the exempt commercial policyholder, or a third</span><span class="s2075774DefaultParagraphFont-000001">-</span><span class="s2075774DefaultParagraphFont">party consultant retained by the policyholder who provides skilled services in loss prevention, loss reduction, or risk and insurance coverage analysis, and the purchase of insurance, and who possesses at least one of the following credentials:</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(1)    A bachelor's or higher degree in risk management issued by an accredited college or university;</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(2)    A designation as a chartered property and casualty underwriter issued by the American Institute for Chartered Property and Casualty Underwriters and Insurance Institute of America;</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(3)    A designation as an associate in risk management issued by the American Institute for Chartered Property and Casualty Underwriters and Insurance Institute of America;</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(4)    A designation as a certified risk manager issued by the National Alliance for Insurance Education and Research;</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(5)    A designation as a fellow in risk management or RIMS fellow issued by the Global Risk Management Institute; or</span></p><p dir="ltr" class="s2075774Normal-000002"><span class="s2075774DefaultParagraphFont">(6)    At least seven years of experience in one or more of the following areas of commercial property and casualty insurance:</span></p><p dir="ltr" class="s2075774Normal-000003"><span class="s2075774DefaultParagraphFont">(a)    Risk financing;</span></p><p dir="ltr" class="s2075774Normal-000003"><span class="s2075774DefaultParagraphFont">(b)    Claims administration;</span></p><p dir="ltr" class="s2075774Normal-000003"><span class="s2075774DefaultParagraphFont">(c)    Loss prevention; or</span></p><p dir="ltr" class="s2075774Normal-000003"><span class="s2075774DefaultParagraphFont">(d)    Risk and insurance coverage analysis.</span></p><p dir="ltr" class="s2075774Normal"><span xml:space="preserve" class="s2075774000004"> </span></p><p dir="ltr" class="s2075774Normal"><span class="s2075774SCL">Source:</span><span xml:space="preserve" class="s2075774SCL-000005"> SL 2004, ch 307, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075775Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075775SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075775CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075775Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075775DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075775000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075775SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075775SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075775Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-70"><span class="s2075775SENU">58-24-70</span></a><span xml:space="preserve" class="s2075775SENU">. </span><span class="s2075775CL">Exemption from rate and form filing requirements for policy issued to exempt commercial policyholder--Disclosure requirements.</span></p><p dir="ltr" class="s2075775Normal-000000"><span xml:space="preserve" class="s2075775DefaultParagraphFont">An insurer issuing a policy to an exempt commercial policyholder is exempt, except as provided for in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-68"><span class="s2075775DefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s2075775DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-74"><span class="s2075775DefaultParagraphFont">58-24-74</span></a><span xml:space="preserve" class="s2075775DefaultParagraphFont">, inclusive, from the rate filing requirements of chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24"><span class="s2075775DefaultParagraphFont">58-24</span></a><span xml:space="preserve" class="s2075775DefaultParagraphFont"> and the form filing requirements of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-11-12"><span class="s2075775DefaultParagraphFont">58-11-12</span></a><span class="s2075775DefaultParagraphFont">. At the time of soliciting an exempt commercial policyholder to purchase insurance, the insurance producer, or the insurer in the case of a direct procurement from the insurer, shall disclose to the policyholder and the policyholder's risk manager, on a form created by the insurer, that a premium or rate may be quoted or a policy form may be used that is not subject to the rate and form filing requirements of the Division of Insurance.</span></p><p dir="ltr" class="s2075775Normal"><span xml:space="preserve" class="s2075775000001"> </span></p><p dir="ltr" class="s2075775Normal"><span class="s2075775SCL">Source:</span><span xml:space="preserve" class="s2075775SCL-000002"> SL 2004, ch 307, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075776Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075776SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075776CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075776Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075776DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075776DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075776000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075776SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075776SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075776Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-71"><span class="s2075776SENU">58-24-71</span></a><span xml:space="preserve" class="s2075776SENU">. </span><span class="s2075776CL">Third-party consultant disclosure requirements.</span></p><p dir="ltr" class="s2075776Normal-000000"><span class="s2075776DefaultParagraphFont">If a third</span><span class="s2075776DefaultParagraphFont-000001">-</span><span class="s2075776DefaultParagraphFont">party consultant is retained by the exempt commercial policyholder to act as the policyholder's risk manager when a quote for insurance is delivered to the policyholder, the consultant shall disclose, in writing, the existence of any commission, fee, or contingency arrangement the third</span><span class="s2075776DefaultParagraphFont-000001">-</span><span class="s2075776DefaultParagraphFont">party consultant has with the insurer.</span></p><p dir="ltr" class="s2075776Normal"><span xml:space="preserve" class="s2075776000002"> </span></p><p dir="ltr" class="s2075776Normal"><span class="s2075776SCL">Source:</span><span xml:space="preserve" class="s2075776SCL-000003"> SL 2004, ch 307, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075777Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075777SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075777CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075777Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075777DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075777000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075777SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075777SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075777Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-72"><span class="s2075777SENU">58-24-72</span></a><span xml:space="preserve" class="s2075777SENU">. </span><span class="s2075777CL">Promulgation of rules.</span></p><p dir="ltr" class="s2075777Normal-000000"><span xml:space="preserve" class="s2075777DefaultParagraphFont">The director may promulgate rules, pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075777DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2075777DefaultParagraphFont">, to carry out the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-68"><span class="s2075777DefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s2075777DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-74"><span class="s2075777DefaultParagraphFont">58-24-74</span></a><span class="s2075777DefaultParagraphFont">, inclusive, to ensure that insurers make policyholders aware of their exempt status and that insurers keep separate records of exempt policies. The rules may include certification, record keeping, and notices.</span></p><p dir="ltr" class="s2075777Normal"><span xml:space="preserve" class="s2075777000001"> </span></p><p dir="ltr" class="s2075777Normal"><span class="s2075777SCL">Source:</span><span xml:space="preserve" class="s2075777SCL-000002"> SL 2004, ch 307, § 5.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075778Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075778SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075778CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075778Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075778DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075778000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075778SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075778SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075778Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-73"><span class="s2075778SENU">58-24-73</span></a><span xml:space="preserve" class="s2075778SENU">. </span><span class="s2075778CL">Insurer to maintain and provide copies of disclosures--Examination.</span></p><p dir="ltr" class="s2075778Normal-000000"><span xml:space="preserve" class="s2075778DefaultParagraphFont">The insurer shall maintain copies of the disclosures required by §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-68"><span class="s2075778DefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s2075778DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-73"><span class="s2075778DefaultParagraphFont">58-24-73</span></a><span class="s2075778DefaultParagraphFont">, inclusive. The copies are subject to examination. The insurer shall provide the copies to the division upon request as provided by this title.</span></p><p dir="ltr" class="s2075778Normal"><span xml:space="preserve" class="s2075778000001"> </span></p><p dir="ltr" class="s2075778Normal"><span class="s2075778SCL">Source:</span><span xml:space="preserve" class="s2075778SCL-000002"> SL 2004, ch 307, § 6.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075779Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075779SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075779CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075779Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075779DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075779Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075779000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075779SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075779SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2075779Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-74"><span class="s2075779SENU">58-24-74</span></a><span xml:space="preserve" class="s2075779SENU">. </span><span class="s2075779CL">Insurer to maintain records relating to insurance sales to exempt commercial policyholder--Examination by director.</span></p><p dir="ltr" class="s2075779Normal-000000"><span xml:space="preserve" class="s2075779DefaultParagraphFont">Any insurer who sells any kind of insurance to an exempt commercial policyholder shall maintain records relating to the insurance sales as required by §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-68"><span class="s2075779DefaultParagraphFont">58-24-68</span></a><span xml:space="preserve" class="s2075779DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-74"><span class="s2075779DefaultParagraphFont">58-24-74</span></a><span class="s2075779DefaultParagraphFont">, inclusive. At a minimum, the records shall include: any data, statistics, rates, rating plans, rating systems, and underwriting rules used in underwriting and issuing such policies; claims-made policy forms; annual experience data on each risk insured, including written premiums, written premiums at a manual rate, paid losses, outstanding losses, loss adjustment expenses, underwriting expenses, underwriting profits, and profits from contingencies; and complaint information required under South Dakota law.</span></p><p dir="ltr" class="s2075779Normal-000001"><span class="s2075779DefaultParagraphFont">The insurer shall maintain the records for five years. The insurer shall make such records available for examination by the director at any reasonable hour.</span></p><p dir="ltr" class="s2075779Normal"><span xml:space="preserve" class="s2075779000002"> </span></p><p dir="ltr" class="s2075779Normal"><span class="s2075779SCL">Source:</span><span xml:space="preserve" class="s2075779SCL-000003"> SL 2004, ch 307, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-24 - FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075780Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075780SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075780CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075780Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075780DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075780Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2075780000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075780SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075780SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2075780Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-24-75"><span class="s2075780SENU">58-24-75</span></a><span xml:space="preserve" class="s2075780SENU">. </span><span class="s2075780CL">Premium increase prohibited for certain accidents involving law enforcement, emergency, or snow removal personnel--Exception.</span></p><p dir="ltr" class="s2075780Normal-000000"><span class="s2075780DefaultParagraphFont">No insurer may increase the premium or rate of an insured at policy issuance, during the term of a policy, or at renewal because of an accident if the insured was lawfully engaged in the performance of official duties as a law enforcement officer, firefighter, emergency medical technician, or operator of emergency snow removal equipment, if the operation of the emergency snow removal equipment is in response to a request from and in support of a law enforcement officer, firefighter, or emergency medical technician for any accident:</span></p><p dir="ltr" class="s2075780Normal-000001"><span class="s2075780DefaultParagraphFont">(1)    That occurred while the law enforcement officer, firefighter, emergency medical technician, or operator of emergency snow removal equipment was lawfully engaged in the performance of official duties; and</span></p><p dir="ltr" class="s2075780Normal-000001"><span class="s2075780DefaultParagraphFont">(2)    That occurred while the law enforcement officer, firefighter, emergency medical technician, or operator of emergency snow removal equipment was driving an emergency vehicle; and</span></p><p dir="ltr" class="s2075780Normal-000001"><span class="s2075780DefaultParagraphFont">(3)    For which the law enforcement officer, firefighter, emergency medical technician, or operator of emergency snow removal equipment furnishes notice to the insurer that the accident occurred under circumstances identified in subdivisions (1) and (2) of this section.</span></p><p dir="ltr" class="s2075780Normal"><span class="s2075780DefaultParagraphFont">This section is not applicable to commercial lines policies. Any premium or rate increase in violation of this section, which is made erroneously and does not constitute a continuing business practice of the insurer, may not be the basis of any disciplinary action by the division against the insurer if the insurer refunds any excess premium promptly upon discovery of the error or upon request by the insured.</span></p><p dir="ltr" class="s2075780Normal"><span xml:space="preserve" class="s2075780000002"> </span></p><p dir="ltr" class="s2075780Normal"><span class="s2075780SCL">Source:</span><span xml:space="preserve" class="s2075780SCL-000003"> SL 2007, ch 181, § 3; SL 2008, ch 162, § 2; SL 2014, ch 240, § 1.</span></p></div></body></html>