<HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-25 - TITLE INSURANCE RATES AND POLICIES 58-25 TITLE INSURANCE RATES AND POLICIES </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-25 TITLE INSURANCE RATES AND POLICIES "> <META NAME="Description" Content="South Dakota Codified Laws 58-25"> </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: HG4 --><Div align="center"><!-- WP Style End: HG4 --> CHAPTER 58-25 <!-- WP Paired Style Off: HG4 --><!-- WP Style End: HG4 --> </Div> <br> <!-- WP Paired Style On: HG4C --><Div align="center"><!-- WP Style End: HG4C --> TITLE INSURANCE RATES AND POLICIES <!-- WP Paired Style Off: HG4C --><!-- WP Style End: HG4C --> </Div> <br> <p> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-1">58-25-1</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Application of chapter. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-2">58-25-2</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Making of rates--Provisions governing. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-3">58-25-3</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Reasonableness and adequacy of rates. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-4">58-25-4</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Unfair discrimination in rates prohibited. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-5">58-25-5</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Grouping of guarantees by classification for rate-making. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-6">58-25-6</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Matters considered in making rates. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-7">58-25-7</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Schedule of rates or premiums--Filing with director--Contents. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-8">58-25-8</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Contracts, policies, or guarantees required to be filed with director, exceptions. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-9">58-25-9</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Change in rates or premiums or in contract forms--Filing with and approval by director required. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-10">58-25-10</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Filing of rates and policies--Approval or disapproval by director. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-11">58-25-11</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Finding of director that prior approved filing does not comply with law--Hearing on request--Affirmance or modification of prior action. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-12">58-25-12</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Issuance of contract, policy, or guarantee of insurance contrary to filings prohibited--Special risks excepted--Misdemeanor. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-13">58-25-13</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Deviations, rebates, and discounts prohibited. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-14">58-25-14</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Exchange of information and experience data--Consultation as to rate-making. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-15">58-25-15</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> False or misleading information as misdemeanor. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-16">58-25-16</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Countersignature by agent or abstracter of county required--Violation as misdemeanor. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-17">58-25-17</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Violation of chapter--Imposition of penalties by director. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-18">58-25-18</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Suspension of license of insurer--Failure to comply with order of director--Time of taking effect--Duration. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-19">58-25-19</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-20">58-25-20</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Conduct of hearings before director. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-21">58-25-21</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Repealed. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-22">58-25-22</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Title insurance company to maintain reserve--Amount. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-23">58-25-23</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Reserves restored to net profits over twenty-year period--Amortization rate. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-24">58-25-24</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Calculation of adjusted statutory or unearned premium reserve. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-25">58-25-25</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Adjusted reserves restored to net profits or equity. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-26">58-25-26</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Title insurer to maintain known claim reserve--Amount. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-25-27">58-25-27</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Supplemental reserve to cover liabilities. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075782Normal { 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.s2075782SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075782CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075782Normal-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.s2075782DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075782000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075782SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075782SCL-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="s2075782Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-1"><span class="s2075782SENU">58-25-1</span></a><span xml:space="preserve" class="s2075782SENU">. </span><span class="s2075782CL">Application of chapter.</span></p><p dir="ltr" class="s2075782Normal-000000"><span class="s2075782DefaultParagraphFont">This chapter applies to all kinds and classes of insurance which insure or guarantee titles to real or leasehold property or any estate therein, or against loss by reason of defects, encumbrances, liens, or charges on real or leasehold property or any estate therein; or which insure or guarantee the validity, priority and status of real and leasehold property liens and estates; or which insure or guarantee the correctness and sufficiency of searches for instruments, liens, charges or other matters affecting the title to real or leasehold property or any estate therein. Any person making such guarantees or issuing such insurance shall be deemed to be engaged in the business of title insurance and is hereinafter referred to as "insurer."</span></p><p dir="ltr" class="s2075782Normal"><span xml:space="preserve" class="s2075782000001"> </span></p><p dir="ltr" class="s2075782Normal"><span class="s2075782SCL">Source:</span><span xml:space="preserve" class="s2075782SCL-000002"> SL 1966, ch 111, ch 14, § 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075783Normal { 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.s2075783SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075783CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075783Normal-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.s2075783DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075783000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075783SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075783SCL-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="s2075783Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-2"><span class="s2075783SENU">58-25-2</span></a><span xml:space="preserve" class="s2075783SENU">. </span><span class="s2075783CL">Making of rates--Provisions governing.</span></p><p dir="ltr" class="s2075783Normal-000000"><span xml:space="preserve" class="s2075783DefaultParagraphFont">All 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=58-25-3"><span class="s2075783DefaultParagraphFont">58-25-3</span></a><span xml:space="preserve" class="s2075783DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-6"><span class="s2075783DefaultParagraphFont">58-25-6</span></a><span class="s2075783DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075783Normal"><span xml:space="preserve" class="s2075783000001"> </span></p><p dir="ltr" class="s2075783Normal"><span class="s2075783SCL">Source:</span><span xml:space="preserve" class="s2075783SCL-000002"> SL 1966, ch 111, ch 14, § 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075784Normal { 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.s2075784SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075784CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075784Normal-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.s2075784DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075784000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075784SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075784SCL-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="s2075784Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-3"><span class="s2075784SENU">58-25-3</span></a><span xml:space="preserve" class="s2075784SENU">. </span><span class="s2075784CL">Reasonableness and adequacy of rates.</span></p><p dir="ltr" class="s2075784Normal-000000"><span class="s2075784DefaultParagraphFont">Rates shall be reasonable and adequate for the class of risks to which they apply.</span></p><p dir="ltr" class="s2075784Normal"><span xml:space="preserve" class="s2075784000001"> </span></p><p dir="ltr" class="s2075784Normal"><span class="s2075784SCL">Source:</span><span xml:space="preserve" class="s2075784SCL-000002"> SL 1966, ch 111, ch 14, § 2 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075785Normal { 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.s2075785SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075785CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075785Normal-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.s2075785DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075785000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075785SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075785SCL-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="s2075785Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-4"><span class="s2075785SENU">58-25-4</span></a><span xml:space="preserve" class="s2075785SENU">. </span><span class="s2075785CL">Unfair discrimination in rates prohibited.</span></p><p dir="ltr" class="s2075785Normal-000000"><span class="s2075785DefaultParagraphFont">Rates shall not discriminate unfairly between risks involving essentially the same hazards and expense elements.</span></p><p dir="ltr" class="s2075785Normal"><span xml:space="preserve" class="s2075785000001"> </span></p><p dir="ltr" class="s2075785Normal"><span class="s2075785SCL">Source:</span><span xml:space="preserve" class="s2075785SCL-000002"> SL 1966, ch 111, ch 14, § 2 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075786Normal { 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.s2075786SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075786CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075786CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075786Normal-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.s2075786DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075786000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075786SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075786SCL-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="s2075786Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-5"><span class="s2075786SENU">58-25-5</span></a><span xml:space="preserve" class="s2075786SENU">. </span><span class="s2075786CL">Grouping of guarantees by classification for rate</span><span class="s2075786CL-000000">-</span><span class="s2075786CL">making.</span></p><p dir="ltr" class="s2075786Normal-000001"><span class="s2075786DefaultParagraphFont">Guarantees may be grouped by classification for the establishment of rates and minimum premiums. A special or unusual guarantee, more hazardous to the insurer than ordinary title guarantees because of an alleged irregularity or a difference in interpretation or application of law which might affect marketability of title, may be classified individually and separately according to the circumstances peculiar to each case.</span></p><p dir="ltr" class="s2075786Normal"><span xml:space="preserve" class="s2075786000002"> </span></p><p dir="ltr" class="s2075786Normal"><span class="s2075786SCL">Source:</span><span xml:space="preserve" class="s2075786SCL-000003"> SL 1966, ch 111, ch 14, § 2 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075787Normal { 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.s2075787SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075787CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075787Normal-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.s2075787DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075787000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075787SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075787SCL-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="s2075787Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-6"><span class="s2075787SENU">58-25-6</span></a><span xml:space="preserve" class="s2075787SENU">. </span><span class="s2075787CL">Matters considered in making rates.</span></p><p dir="ltr" class="s2075787Normal-000000"><span class="s2075787DefaultParagraphFont">Due consideration will be given to past and prospective loss experiences within and outside the state, reasonable margin for profit and contingencies, cost of participating insurance, percentage to be allocated to reserve, operating expenses and all other relevant factors fairly attributable to the business of title insurance.</span></p><p dir="ltr" class="s2075787Normal"><span xml:space="preserve" class="s2075787000001"> </span></p><p dir="ltr" class="s2075787Normal"><span class="s2075787SCL">Source:</span><span xml:space="preserve" class="s2075787SCL-000002"> SL 1966, ch 111, ch 14, § 2 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075788Normal { 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.s2075788SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075788CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075788Normal-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.s2075788DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075788000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075788SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075788SCL-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="s2075788Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-7"><span class="s2075788SENU">58-25-7</span></a><span xml:space="preserve" class="s2075788SENU">. </span><span class="s2075788CL">Schedule of rates or premiums--Filing with director--Contents.</span></p><p dir="ltr" class="s2075788Normal-000000"><span xml:space="preserve" class="s2075788DefaultParagraphFont">Every insurer must file with the director, any manual or schedule of rates or premiums which it proposes to use, together with any rules or regulations governing the setting or making of such rates or premiums, and indicate the character or extent of coverage contemplated under such rates and premiums, except that insurers need not include rates or premiums for a special or unusual guarantee as defined in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-5"><span class="s2075788DefaultParagraphFont">58-25-5</span></a><span class="s2075788DefaultParagraphFont">, and such rates or premiums may be classified individually and separately according to the circumstances peculiar to each case.</span></p><p dir="ltr" class="s2075788Normal"><span xml:space="preserve" class="s2075788000001"> </span></p><p dir="ltr" class="s2075788Normal"><span class="s2075788SCL">Source:</span><span xml:space="preserve" class="s2075788SCL-000002"> SL 1966, ch 111, ch 14, § 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075789Normal { 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.s2075789SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075789CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075789Normal-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.s2075789DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075789000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075789SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075789SCL-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="s2075789Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-8"><span class="s2075789SENU">58-25-8</span></a><span xml:space="preserve" class="s2075789SENU">. </span><span class="s2075789CL">Contracts, policies, or guarantees required to be filed with director, exceptions.</span></p><p dir="ltr" class="s2075789Normal-000000"><span class="s2075789DefaultParagraphFont">Every insurer must file with the director, all forms of contracts, policies, or guarantees of insurance with any and all types of modifications thereof, except as to special or unusual risks, which it proposes to use.</span></p><p dir="ltr" class="s2075789Normal"><span xml:space="preserve" class="s2075789000001"> </span></p><p dir="ltr" class="s2075789Normal"><span class="s2075789SCL">Source:</span><span xml:space="preserve" class="s2075789SCL-000002"> SL 1966, ch 111, ch 14, § 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075790Normal { 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.s2075790SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075790CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075790Normal-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.s2075790DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075790000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075790SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075790SCL-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="s2075790Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-9"><span class="s2075790SENU">58-25-9</span></a><span xml:space="preserve" class="s2075790SENU">. </span><span class="s2075790CL">Change in rates or premiums or in contract forms--Filing with and approval by director required.</span></p><p dir="ltr" class="s2075790Normal-000000"><span class="s2075790DefaultParagraphFont">No change in rates or premiums or in the forms of contracts, policies, or guarantees of insurance shall be permitted to any insurer, unless and until a report indicating such change is filed and approved by the director.</span></p><p dir="ltr" class="s2075790Normal"><span xml:space="preserve" class="s2075790000001"> </span></p><p dir="ltr" class="s2075790Normal"><span class="s2075790SCL">Source:</span><span xml:space="preserve" class="s2075790SCL-000002"> SL 1966, ch 111, ch 14, § 3 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075791Normal { 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.s2075791SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075791CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075791Normal-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.s2075791DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075791000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075791SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075791SCL-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="s2075791Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-10"><span class="s2075791SENU">58-25-10</span></a><span xml:space="preserve" class="s2075791SENU">. </span><span class="s2075791CL">Filing of rates and policies--Approval or disapproval by director.</span></p><p dir="ltr" class="s2075791Normal-000000"><span xml:space="preserve" class="s2075791DefaultParagraphFont">Any filing made pursuant to §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-7"><span class="s2075791DefaultParagraphFont">58-25-7</span></a><span xml:space="preserve" class="s2075791DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-9"><span class="s2075791DefaultParagraphFont">58-25-9</span></a><span class="s2075791DefaultParagraphFont">, inclusive, shall be approved by the director, unless he finds that such filing does not meet the requirements of this chapter or shall otherwise be contrary to law. As soon as reasonably possible after the filing has been made, the director shall, in writing, approve or disapprove the same; provided, however, that, if such filing has not been disapproved by the director within fifteen days from the date of filing, or within thirty days if such period be extended in writing by the director during the first fifteen days, it shall be deemed approved, and the rates, contracts, or other subject matter of such filing may be put into effect by the insurer at the expiration of such waiting period. In the event the director disapproves any filing, he shall specify in what respect he finds that such filing does not meet the requirements of this chapter or is otherwise contrary to law.</span></p><p dir="ltr" class="s2075791Normal"><span xml:space="preserve" class="s2075791000001"> </span></p><p dir="ltr" class="s2075791Normal"><span class="s2075791SCL">Source:</span><span xml:space="preserve" class="s2075791SCL-000002"> SL 1966, ch 111, ch 14, § 3 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075792Normal { 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.s2075792SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075792CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075792Normal-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.s2075792DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075792000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075792SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075792SCL-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="s2075792Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-11"><span class="s2075792SENU">58-25-11</span></a><span xml:space="preserve" class="s2075792SENU">. </span><span class="s2075792CL">Finding of director that prior approved filing does not comply with law--Hearing on request--Affirmance or modification of prior action.</span></p><p dir="ltr" class="s2075792Normal-000000"><span xml:space="preserve" class="s2075792DefaultParagraphFont">If at any time after the approval of a filing, the director should find that the filing does not meet the requirements of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-7"><span class="s2075792DefaultParagraphFont">58-25-7</span></a><span xml:space="preserve" class="s2075792DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-10"><span class="s2075792DefaultParagraphFont">58-25-10</span></a><span class="s2075792DefaultParagraphFont">, inclusive, or is otherwise contrary to law, or if any party having an interest in such filing should make complaint in writing, setting forth specific and reasonable causes for complaint to the director, or if any insurer, upon notice of disapproval by the director of a filing pursuant to this section, should so request, the director shall hold a hearing within thirty days and shall give notice of the hearing in writing to all parties in interest. The director may confirm, modify, change or rescind any previous action, if warranted by the facts shown at the hearing.</span></p><p dir="ltr" class="s2075792Normal"><span xml:space="preserve" class="s2075792000001"> </span></p><p dir="ltr" class="s2075792Normal"><span class="s2075792SCL">Source:</span><span xml:space="preserve" class="s2075792SCL-000002"> SL 1966, ch 111, ch 14, § 3 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075793Normal { 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.s2075793SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075793CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075793Normal-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.s2075793DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075793000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075793SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075793SCL-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="s2075793Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-12"><span class="s2075793SENU">58-25-12</span></a><span xml:space="preserve" class="s2075793SENU">. </span><span class="s2075793CL">Issuance of contract, policy, or guarantee of insurance contrary to filings prohibited--Special risks excepted--Misdemeanor.</span></p><p dir="ltr" class="s2075793Normal-000000"><span xml:space="preserve" class="s2075793DefaultParagraphFont">No insurer shall make or issue any contract, policy, or guarantee of insurance except in accordance with filings approved as provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-10"><span class="s2075793DefaultParagraphFont">58-25-10</span></a><span xml:space="preserve" class="s2075793DefaultParagraphFont">, except as to special or unusual risks for which no filing has been provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-7"><span class="s2075793DefaultParagraphFont">58-25-7</span></a><span xml:space="preserve" class="s2075793DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-8"><span class="s2075793DefaultParagraphFont">58-25-8</span></a><span class="s2075793DefaultParagraphFont">. Violation of this section is a Class 2 misdemeanor.</span></p><p dir="ltr" class="s2075793Normal"><span xml:space="preserve" class="s2075793000001"> </span></p><p dir="ltr" class="s2075793Normal"><span class="s2075793SCL">Source:</span><span xml:space="preserve" class="s2075793SCL-000002"> SL 1966, ch 111, ch 14, § 3 (6); 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075794Normal { 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.s2075794SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075794CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075794Normal-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.s2075794DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075794000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075794SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075794SCL-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="s2075794Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-13"><span class="s2075794SENU">58-25-13</span></a><span xml:space="preserve" class="s2075794SENU">. </span><span class="s2075794CL">Deviations, rebates, and discounts prohibited.</span></p><p dir="ltr" class="s2075794Normal-000000"><span class="s2075794DefaultParagraphFont">Every insurer shall hold to the rates or premiums as approved by the director and may not deviate therefrom nor allow to or for the account of any insured a rebate or discount on the rates or premiums payable. As compensation for procuring business, an insurer may pay or allow a commission to any licensed insurance producer of the insurer.</span></p><p dir="ltr" class="s2075794Normal"><span xml:space="preserve" class="s2075794000001"> </span></p><p dir="ltr" class="s2075794Normal"><span class="s2075794SCL">Source:</span><span xml:space="preserve" class="s2075794SCL-000002"> SL 1966, ch 111, ch 14, § 3 (7); SL 2001, ch 286, § 133.</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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075795Normal { 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.s2075795SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075795CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075795CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075795Normal-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.s2075795DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075795DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075795000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075795SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075795SCL-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="s2075795Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-14"><span class="s2075795SENU">58-25-14</span></a><span xml:space="preserve" class="s2075795SENU">. </span><span class="s2075795CL">Exchange of information and experience data--Consultation as to rate</span><span class="s2075795CL-000000">-</span><span class="s2075795CL">making.</span></p><p dir="ltr" class="s2075795Normal-000001"><span class="s2075795DefaultParagraphFont">In order to further more equitable establishment and adjustment of rates and premiums and forms of contracts, policies, or guarantees of insurance, the director and every insurer may exchange information and experience data with each other, and with the insurance supervisory officials and insurers in other states and with national organizations and associations and may consult and cooperate with them in respect to rate</span><span class="s2075795DefaultParagraphFont-000002">-</span><span xml:space="preserve" class="s2075795DefaultParagraphFont"> and premium</span><span class="s2075795DefaultParagraphFont-000002">-</span><span class="s2075795DefaultParagraphFont">making and forms of contracts, policies, and guarantees of insurance.</span></p><p dir="ltr" class="s2075795Normal"><span xml:space="preserve" class="s2075795000003"> </span></p><p dir="ltr" class="s2075795Normal"><span class="s2075795SCL">Source:</span><span xml:space="preserve" class="s2075795SCL-000004"> SL 1966, ch 111, ch 14, § 3 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075796Normal { 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.s2075796SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075796CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075796Normal-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.s2075796DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075796000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075796SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075796SCL-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="s2075796Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-15"><span class="s2075796SENU">58-25-15</span></a><span xml:space="preserve" class="s2075796SENU">. </span><span class="s2075796CL">False or misleading information as misdemeanor.</span></p><p dir="ltr" class="s2075796Normal-000000"><span class="s2075796DefaultParagraphFont">No person or organization shall knowingly give false or misleading information to the director, to any insurer or to any other person which will in any manner affect the proper determination of rates or premiums, or the proper issuance of a contract, policy, or guarantee of insurance. Violation of this section is a Class 2 misdemeanor.</span></p><p dir="ltr" class="s2075796Normal"><span xml:space="preserve" class="s2075796000001"> </span></p><p dir="ltr" class="s2075796Normal"><span class="s2075796SCL">Source:</span><span xml:space="preserve" class="s2075796SCL-000002"> SL 1966, ch 111, ch 14, § 5; 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075797Normal { 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.s2075797SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075797CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075797Normal-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.s2075797DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075797000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075797SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075797SCL-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="s2075797Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-16"><span class="s2075797SENU">58-25-16</span></a><span xml:space="preserve" class="s2075797SENU">. </span><span class="s2075797CL">Countersignature by agent or abstracter of county required--Violation as misdemeanor.</span></p><p dir="ltr" class="s2075797Normal-000000"><span xml:space="preserve" class="s2075797DefaultParagraphFont">No insurance company shall issue any policy of title insurance or certificate of title or other guarantee of title, covering any property located within the State of South Dakota, unless the same is countersigned by a person, partnership, or corporation, who has met the requirements of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=36-13-8"><span class="s2075797DefaultParagraphFont">36-13-8</span></a><span xml:space="preserve" class="s2075797DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=36-13-10"><span class="s2075797DefaultParagraphFont">36-13-10</span></a><span xml:space="preserve" class="s2075797DefaultParagraphFont"> in the county in which the real property is located, or maintains an abstract plant in the county where the real property is located and meets the requirements of chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=36-13"><span class="s2075797DefaultParagraphFont">36-13</span></a><span class="s2075797DefaultParagraphFont">. A violation of this section is a Class 2 misdemeanor.</span></p><p dir="ltr" class="s2075797Normal"><span xml:space="preserve" class="s2075797000001"> </span></p><p dir="ltr" class="s2075797Normal"><span class="s2075797SCL">Source:</span><span xml:space="preserve" class="s2075797SCL-000002"> SL 1966, ch 111, ch 14, § 4; SL 1978, ch 359, § 2; SL 1979, ch 345.</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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075798Normal { 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.s2075798SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075798CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075798Normal-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.s2075798DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075798000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075798SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075798SCL-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="s2075798Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-17"><span class="s2075798SENU">58-25-17</span></a><span xml:space="preserve" class="s2075798SENU">. </span><span class="s2075798CL">Violation of chapter--Imposition of penalties by director.</span></p><p dir="ltr" class="s2075798Normal-000000"><span class="s2075798DefaultParagraphFont">The director may, if he finds that any person or organization has violated any provision of this chapter, impose a penalty of not more than two hundred fifty dollars for each such violation, but, if he finds such violation to be willful he may impose a penalty of not more than one thousand dollars for each such violation. Such penalties may be in addition to any other penalty provided by law.</span></p><p dir="ltr" class="s2075798Normal"><span xml:space="preserve" class="s2075798000001"> </span></p><p dir="ltr" class="s2075798Normal"><span class="s2075798SCL">Source:</span><span xml:space="preserve" class="s2075798SCL-000002"> SL 1966, ch 111, ch 14, § 6 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075799Normal { 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.s2075799SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075799CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075799Normal-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.s2075799DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075799000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075799SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075799SCL-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="s2075799Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-18"><span class="s2075799SENU">58-25-18</span></a><span xml:space="preserve" class="s2075799SENU">. </span><span class="s2075799CL">Suspension of license of insurer--Failure to comply with order of director--Time of taking effect--Duration.</span></p><p dir="ltr" class="s2075799Normal-000000"><span class="s2075799DefaultParagraphFont">The director may suspend the license of any insurer who fails to comply with any lawful order of the director within the time limited by such order, or any extension thereof which the director may grant. The director shall not suspend the license of any insurer for failure to comply with an order until the time prescribed for an appeal therefrom has expired or, if any appeal has been taken, until such order has been affirmed. The director may determine when a suspension of license shall become effective, and it shall remain in effect for a period fixed by him, unless he modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded, or reversed.</span></p><p dir="ltr" class="s2075799Normal"><span xml:space="preserve" class="s2075799000001"> </span></p><p dir="ltr" class="s2075799Normal"><span class="s2075799SCL">Source:</span><span xml:space="preserve" class="s2075799SCL-000002"> SL 1966, ch 111, ch 14, § 6 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075800Normal { 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.s2075800SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075800CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075800Normal-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.s2075800DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075800000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075800SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075800SCL-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="s2075800Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-19"><span class="s2075800SENU">58-25-19</span></a><span xml:space="preserve" class="s2075800SENU">. </span><span class="s2075800CL">Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.</span></p><p dir="ltr" class="s2075800Normal-000000"><span class="s2075800DefaultParagraphFont">No penalty shall be imposed and no license shall be suspended except upon 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 insurer and specifying the alleged violation.</span></p><p dir="ltr" class="s2075800Normal"><span xml:space="preserve" class="s2075800000001"> </span></p><p dir="ltr" class="s2075800Normal"><span class="s2075800SCL">Source:</span><span xml:space="preserve" class="s2075800SCL-000002"> SL 1966, ch 111, ch 14, § 6 (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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075801Normal { 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.s2075801SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075801CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075801Normal-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.s2075801DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075801000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075801SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075801SCL-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="s2075801Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-20"><span class="s2075801SENU">58-25-20</span></a><span xml:space="preserve" class="s2075801SENU">. </span><span class="s2075801CL">Conduct of hearings before director.</span></p><p dir="ltr" class="s2075801Normal-000000"><span xml:space="preserve" class="s2075801DefaultParagraphFont">Hearings before the director as to matters under this chapter shall be conducted in accordance with chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075801DefaultParagraphFont">1-26</span></a><span class="s2075801DefaultParagraphFont">.</span></p><p dir="ltr" class="s2075801Normal"><span xml:space="preserve" class="s2075801000001"> </span></p><p dir="ltr" class="s2075801Normal"><span class="s2075801SCL">Source:</span><span xml:space="preserve" class="s2075801SCL-000002"> SL 1966, ch 111, ch 14, § 7 (1); SL 1978, ch 359, § 16.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-25 - TITLE INSURANCE RATES AND POLICIES 58-25-21 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-25-21 "> <META NAME="Description" Content="South Dakota Codified Laws 58-25-21"> </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 --> 58-25-21. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 2015, ch 259, &#167;&nbsp;3.<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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075803Normal { 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.s2075803SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075803CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075803Normal-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.s2075803DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2075803Normal-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.s2075803DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075803000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075803SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075803SCL-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="s2075803Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075803SENU">58-25-22</span></a><span xml:space="preserve" class="s2075803SENU">. </span><span class="s2075803CL">Title insurance company to maintain reserve--Amount.</span></p><p dir="ltr" class="s2075803Normal-000000"><span class="s2075803DefaultParagraphFont">A title insurance company shall establish and maintain a statutory premium reserve of not less than an amount computed in accordance with this section. The statutory premium reserve shall consist of the aggregate of the statutory premium reserve on January 1, 2002, and:</span></p><p dir="ltr" class="s2075803Normal-000001"><span class="s2075803DefaultParagraphFont">(1)    A sum equal to twenty</span><span class="s2075803DefaultParagraphFont-000002">-</span><span class="s2075803DefaultParagraphFont">four cents for each one thousand dollars of net retained liability under each title insurance policy written for less than five hundred thousand dollars after January 1, 2002; and</span></p><p dir="ltr" class="s2075803Normal-000001"><span class="s2075803DefaultParagraphFont">(2)    A sum equal to twelve cents for each one thousand dollars of net retained liability under each title insurance policy written for five hundred thousand dollars or greater after January 1, 2002.</span></p><p dir="ltr" class="s2075803Normal"><span xml:space="preserve" class="s2075803000003"> </span></p><p dir="ltr" class="s2075803Normal"><span class="s2075803SCL">Source:</span><span xml:space="preserve" class="s2075803SCL-000004"> SL 2002, 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075804Normal { 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.s2075804SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075804CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075804CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075804Normal-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.s2075804DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075804DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075804000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075804SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075804SCL-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="s2075804Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-23"><span class="s2075804SENU">58-25-23</span></a><span xml:space="preserve" class="s2075804SENU">. </span><span class="s2075804CL">Reserves restored to net profits over twenty</span><span class="s2075804CL-000000">-</span><span class="s2075804CL">year period--Amortization rate.</span></p><p dir="ltr" class="s2075804Normal-000001"><span xml:space="preserve" class="s2075804DefaultParagraphFont">The aggregate of the amounts set aside in this reserve in any calendar year pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075804DefaultParagraphFont">58-25-22</span></a><span xml:space="preserve" class="s2075804DefaultParagraphFont"> shall be released from the reserve and restored to net profits over a period of twenty years at an amortization rate not to exceed the following formula: thirty</span><span class="s2075804DefaultParagraphFont-000002">-</span><span class="s2075804DefaultParagraphFont">five percent of the aggregate sum on July first of the year next succeeding the year of addition; fifteen percent of the aggregate sum on July first of each of the succeeding two years; ten percent of the aggregate sum on July first of the next succeeding year; three percent of the aggregate sum on July first of each of the next three succeeding years; two percent of the aggregate sum on July first of each of the next three succeeding years; and one percent of the aggregate sum on July first of each of the next succeeding ten years.</span></p><p dir="ltr" class="s2075804Normal"><span xml:space="preserve" class="s2075804000003"> </span></p><p dir="ltr" class="s2075804Normal"><span class="s2075804SCL">Source:</span><span xml:space="preserve" class="s2075804SCL-000004"> SL 2002, 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075805Normal { 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.s2075805SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075805CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075805Normal-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.s2075805DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075805DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075805000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075805SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075805SCL-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="s2075805Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-24"><span class="s2075805SENU">58-25-24</span></a><span xml:space="preserve" class="s2075805SENU">. </span><span class="s2075805CL">Calculation of adjusted statutory or unearned premium reserve.</span></p><p dir="ltr" class="s2075805Normal-000000"><span xml:space="preserve" class="s2075805DefaultParagraphFont">The insurer shall calculate an adjusted statutory or unearned premium reserve as of the year of first application of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075805DefaultParagraphFont">58-25-22</span></a><span xml:space="preserve" class="s2075805DefaultParagraphFont">. The adjusted reserve must be calculated as if § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075805DefaultParagraphFont">58-25-22</span></a><span xml:space="preserve" class="s2075805DefaultParagraphFont"> had been in effect for each year beginning twenty years before the year of first application of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075805DefaultParagraphFont">58-25-22</span></a><span class="s2075805DefaultParagraphFont">. For purposes of this calculation, the balance of the reserve as of that date is considered to be zero. If the adjusted reserve so calculated exceeds the aggregate amount set aside for statutory or unearned premiums in the insurer's most recent annual statement filed with the director, the insurer shall, out of total charges for policies of title insurance, increase its statutory or unearned premium reserve by an amount equal to one</span><span class="s2075805DefaultParagraphFont-000001">-</span><span xml:space="preserve" class="s2075805DefaultParagraphFont">sixth of that excess in each of the succeeding six years, beginning with the calendar year that includes the year of first application of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075805DefaultParagraphFont">58-25-22</span></a><span xml:space="preserve" class="s2075805DefaultParagraphFont"> until the entire excess has been added.</span></p><p dir="ltr" class="s2075805Normal"><span xml:space="preserve" class="s2075805000002"> </span></p><p dir="ltr" class="s2075805Normal"><span class="s2075805SCL">Source:</span><span xml:space="preserve" class="s2075805SCL-000003"> SL 2002, ch 239, § 3.</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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s05289d55fc944900af871ce81ea1565bNormal { 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.s05289d55fc944900af871ce81ea1565bSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s05289d55fc944900af871ce81ea1565bCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s05289d55fc944900af871ce81ea1565bNormal-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.s05289d55fc944900af871ce81ea1565bDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s05289d55fc944900af871ce81ea1565b000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } table.s05289d55fc944900af871ce81ea1565b000002 { border-collapse: collapse; border: none; margin-bottom: .001pt; } td.s05289d55fc944900af871ce81ea1565b000003 { vertical-align: top; width: 198.9pt; border-top: solid #FFFFFF 1.0pt; padding-top: 0; border-right: solid #FFFFFF 1.0pt; padding-right: 5.4pt; border-bottom: solid #FFFFFF 1.0pt; padding-bottom: 0; border-left: solid 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margin-left: 0; margin-right: 0; } p.s05289d55fc944900af871ce81ea1565bNormal-000008 { 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.s05289d55fc944900af871ce81ea1565bSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s05289d55fc944900af871ce81ea1565bSCL-000009 { 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 58-25-25 - Adjusted reserves restored to net profits or equity."><meta property="og:description" content="SDLRC Codified Law 58-25-25 - Adjusted reserves restored to net profits or equity."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/58-25-25"><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="s05289d55fc944900af871ce81ea1565bNormal"><a href="https://sdlegislature.gov/Statutes?Statute=58-25-25" rel="noopener"><span class="s05289d55fc944900af871ce81ea1565bSENU">58-25-25</span></a><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bSENU">. </span><span class="s05289d55fc944900af871ce81ea1565bCL">Adjusted reserves restored to net profits or equity.</span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000000"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">The aggregate of the amounts set aside in this reserve in any calendar year as adjustments to the insurer's statutory or unearned premium reserve pursuant to § </span><a href="https://sdlegislature.gov/Statutes?Statute=58-25-24" rel="noopener"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">58-25-24</span></a><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont"> shall be released from the reserve and restored to net profits, or equity if the additions required by § </span><a href="https://sdlegislature.gov/Statutes?Statute=58-25-24" rel="noopener"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">58-25-24</span></a><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont"> reduced equity directly, over a period not exceeding ten years pursuant to the following table:</span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><div align="center"><table dir="ltr" class="s05289d55fc944900af871ce81ea1565b000002" align="center"><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year of Addition</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Release</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 1</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over ten years</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 2</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over nine years</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 3</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over eight years</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 4</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over seven years</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 5</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over six years</span></p></td></tr><tr><td class="s05289d55fc944900af871ce81ea1565b000003"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000005"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Year 6</span></p></td><td class="s05289d55fc944900af871ce81ea1565b000006"><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000004"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000007"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">Equally over five years </span></p></td></tr></table></div><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal-000008"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">For purposes of this section, year is the calendar year following the year of first application of § </span><a href="https://sdlegislature.gov/Statutes?Statute=58-25-22" rel="noopener"><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">58-25-22</span></a><span class="s05289d55fc944900af871ce81ea1565bDefaultParagraphFont">.</span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal"><span class="s05289d55fc944900af871ce81ea1565bSCL">Source:</span><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565bSCL-000009"> SL 2002, ch 239, § 4.</span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </span></p><p dir="ltr" class="s05289d55fc944900af871ce81ea1565bNormal"><span xml:space="preserve" class="s05289d55fc944900af871ce81ea1565b000001"> </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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075807Normal { 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.s2075807SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075807CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075807Normal-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.s2075807DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075807000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075807SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075807SCL-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="s2075807Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-26"><span class="s2075807SENU">58-25-26</span></a><span xml:space="preserve" class="s2075807SENU">. </span><span class="s2075807CL">Title insurer to maintain known claim reserve--Amount.</span></p><p dir="ltr" class="s2075807Normal-000000"><span class="s2075807DefaultParagraphFont">A title insurer shall establish and maintain a known claim reserve in an amount estimated to be sufficient to cover all unpaid losses, claims, and allocated loss adjustment expenses arising under title insurance policies, guaranteed certificates of title, guaranteed searches, and guaranteed abstracts of title and all unpaid losses, claims, and allocated loss adjustment expenses for which the title insurer may be liable and for which the title insurer has received notice by or on behalf of the insured, holder of a guarantee or escrow, or security depositor.</span></p><p dir="ltr" class="s2075807Normal"><span xml:space="preserve" class="s2075807000001"> </span></p><p dir="ltr" class="s2075807Normal"><span class="s2075807SCL">Source:</span><span xml:space="preserve" class="s2075807SCL-000002"> SL 2002, 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 58-25 - TITLE INSURANCE RATES AND POLICIES </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075808Normal { 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.s2075808SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075808CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075808Normal-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.s2075808DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075808000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075808SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075808SCL-000002 { 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="s2075808Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-27"><span class="s2075808SENU">58-25-27</span></a><span xml:space="preserve" class="s2075808SENU">. </span><span class="s2075808CL">Supplemental reserve to cover liabilities.</span></p><p dir="ltr" class="s2075808Normal-000000"><span xml:space="preserve" class="s2075808DefaultParagraphFont">A supplemental reserve shall be established consisting of any other reserves necessary, when taken in combination with the reserves required by §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-22"><span class="s2075808DefaultParagraphFont">58-25-22</span></a><span xml:space="preserve" class="s2075808DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-25-27"><span class="s2075808DefaultParagraphFont">58-25-27</span></a><span class="s2075808DefaultParagraphFont">, inclusive, to cover the company's liabilities with respect to all losses, claims, and loss adjustment expenses.</span></p><p dir="ltr" class="s2075808Normal"><span xml:space="preserve" class="s2075808000001"> </span></p><p dir="ltr" class="s2075808Normal"><span class="s2075808SCL">Source:</span><span xml:space="preserve" class="s2075808SCL-000002"> SL 2002, ch 239, § 6.</span></p></div></body></html>