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South Dakota Codified Laws
Title 58
Chapter 58-24
S.D. Codified Laws ch. 58-24
Fire, Marine, Casualty, and Surety Insurance Rates and Rating Organizations
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58-24-1
Purpose of chapter.
58-24-2
Application of chapter.
58-24-3
Insurance to which chapter does not apply.
58-24-4
Making of rates--Provisions governing.
58-24-5
Excessive, inadequate, or discriminatory rates prohibited.
58-24-6
Making of rates--Matters considered.
58-24-6.1
Failure of rate to reflect difference in expected losses and expenses as unfair discrimination--Averaged group rates not unfairly discriminatory.
58-24-7
Risks grouped by classification for rate-making--Modification of classification rates.
58-24-8
System of expense provisions used in rate-making--Reflection of operating methods.
58-24-9
Uniformity as to rates not required.
58-24-10
Filing of rates with director--Effective date--Character and extent of coverage--Exceptions.
58-24-10.1
Rating rules required to be filed with director--Filing date--Supporting information required.
58-24-10.2
Rate information required to be filed prior to effective date on finding that closer supervision is required--Extension of waiting period--Approval or disapproval.
58-24-11
Repealed
Repealed
58-24-12
Satisfaction of insurer's obligations by becoming member of or subscriber to licensed rating organization.
58-24-13
Information furnished in support of filing.
58-24-14
Filing open to public inspection--Specially rated inland marine risks.
58-24-15
Review of filings by director.
58-24-16
Repealed
Repealed
58-24-17
Filing with respect to specially rated risks--Effective date.
58-24-18
Disapproval of filing prohibited if rates meet requirements.
58-24-19
Disapproval of filings by director--Notice--Contents.
58-24-20
Disapproval of filing with respect to specially rated risks--Notice, contents.
58-24-21
Effect of finding and order that filing does not comply with chapter.
58-24-22
Request by aggrieved party for hearing on filing--Grounds for application.
58-24-23
Hearing on filing--Action by director--Notice of hearing.
58-24-24
Finding that filing does not comply--Order discontinuing filing--Effective date.
58-24-25
Issuance of contract or policy contrary to filings prohibited--Inland marine risks excepted.
58-24-26
Excess rate approved for specific risk--Filing application.
58-24-27
Assigned risks--Reasonable rate modifications.
58-24-28
Information to be furnished insureds.
58-24-29
Right of insured to hearing on application of rating system.
58-24-30
Appeal to director from rating organization or insurer--Affirmance or reversal of action.
58-24-31
Recording and reporting of loss and experience--Rules and statistical plans of director.
58-24-32
Repealed
Repealed
58-24-33
Exchange of information and experience data with other states--Consultation as to rate-making.
58-24-34
Withholding of or giving false or misleading information--Penalties.
58-24-35
Application for license as rating organization--Contents.
58-24-36
Issuance of license--Finding by director--Time for granting or denying application.
58-24-37
Duration of rating organization license--Fee.
58-24-38
Suspension or revocation of license.
58-24-39
Notice to director of change in license application information.
58-24-40
Subscribers to rating services--Rules of rating organization.
58-24-41
Review by director of reasonableness of rule or refusal to admit insurer as subscriber.
58-24-42
Order affirming action of rating organization.
58-24-43
Actuarial, technical, or other services provided to subscribers.
58-24-44
Examination of evidences of insurance or cancellation--Rules as to submission--Information confidential.
58-24-45
Regulation of payment of dividends, savings, or unabsorbed premium deposits prohibited.
58-24-45.1
Group insurance marketing permitted--Conditions.
58-24-46
Cooperation between organizations and insurers authorized--Review of cooperative activities by director.
58-24-47
Appeal to director from action of rating organization--Hearing--Order.
58-24-48
Appeal based on failure to file for different expense system--Application of rate-making standards.
58-24-49
Application of insurer to file deviation--Basis for modification--Copy to rating organization.
58-24-50
Deviations to be uniform within class.
58-24-51
Criteria considered on application for deviation--Order permitting or denying deviation.
58-24-52
Duration of permitted deviation.
58-24-53
Advisory organization license required.
58-24-54
Advisory organization filing requirements.
58-24-55
Unfair or unreasonable advisory organization practices--Order requiring discontinuance.
58-24-56
Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.
58-24-57
Insurers engaging in joint underwriting or joint reinsurance subject to regulation.
58-24-58
Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.
58-24-59
Examination of rating organizations, advisory organizations, joint underwriters, and joint reinsurers--Acceptance of report of official of another state.
58-24-60
Repealed
Repealed
58-24-61
Violation of chapter--Penalties.
58-24-62
Suspension of license of rating organization or insurer.
58-24-63
Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.
58-24-64
Request for hearing on order or decision--Notice--Affirmance, reversal, or modification.
58-24-65
Rehearing and appeal from order of director.
58-24-66
Notice required for filing for workers' compensation insurance.
58-24-67
Notice to workers' compensation purchaser organizations.
58-24-68
Exempt commercial policyholder--Definition.
58-24-69
"Risk manager" defined.
58-24-70
Exemption from rate and form filing requirements for policy issued to exempt commercial policyholder--Disclosure requirements.
58-24-71
Third-party consultant disclosure requirements.
58-24-72
Promulgation of rules.
58-24-73
Insurer to maintain and provide copies of disclosures--Examination.
58-24-74
Insurer to maintain records relating to insurance sales to exempt commercial policyholder--Examination by director.
58-24-75
Premium increase prohibited for certain accidents involving law enforcement, emergency, or snow removal personnel--Exception.