Fire, Marine, Casualty, And Surety Insurance Rates And Rating Organizations

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  2. South Dakota Codified Laws
  3. Insurance
  4. Fire, Marine, Casualty, And Surety Insurance Rates And Rating Organizations

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Section
58-24-1

Purpose of chapter.

Section
58-24-2

Application of chapter.

Section
58-24-3

Insurance to which chapter does not apply.

Section
58-24-4

Making of rates--Provisions governing.

Section
58-24-5

Excessive, inadequate, or discriminatory rates prohibited.

Section
58-24-6

Making of rates--Matters considered.

Section
58-24-6.1

Failure of rate to reflect difference in expected losses and expenses as unfair discrimination--Averaged group rates not unfairly discriminatory.

Section
58-24-7

Risks grouped by classification for rate-making--Modification of classification rates.

Section
58-24-8

System of expense provisions used in rate-making--Reflection of operating methods.

Section
58-24-9

Uniformity as to rates not required.

Section
58-24-10

Filing of rates with director--Effective date--Character and extent of coverage--Exceptions.

Section
58-24-10.1

Rating rules required to be filed with director--Filing date--Supporting information required.

Section
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.

Section
58-24-11

Repealed.

Section
58-24-12

Satisfaction of insurer's obligations by becoming member of or subscriber to licensed rating organization.

Section
58-24-13

Information furnished in support of filing.

Section
58-24-14

Filing open to public inspection--Specially rated inland marine risks.

Section
58-24-15

Review of filings by director.

Section
58-24-16

Repealed.

Section
58-24-17

Filing with respect to specially rated risks--Effective date.

Section
58-24-18

Disapproval of filing prohibited if rates meet requirements.

Section
58-24-19

Disapproval of filings by director--Notice--Contents.

Section
58-24-20

Disapproval of filing with respect to specially rated risks--Notice, contents.

Section
58-24-21

Effect of finding and order that filing does not comply with chapter.

Section
58-24-22

Request by aggrieved party for hearing on filing--Grounds for application.

Section
58-24-23

Hearing on filing--Action by director--Notice of hearing.

Section
58-24-24

Finding that filing does not comply--Order discontinuing filing--Effective date.

Section
58-24-25

Issuance of contract or policy contrary to filings prohibited--Inland marine risks excepted.

Section
58-24-26

Excess rate approved for specific risk--Filing application.

Section
58-24-27

Assigned risks--Reasonable rate modifications.

Section
58-24-28

Information to be furnished insureds.

Section
58-24-29

Right of insured to hearing on application of rating system.

Section
58-24-30

Appeal to director from rating organization or insurer--Affirmance or reversal of action.

Section
58-24-31

Recording and reporting of loss and experience--Rules and statistical plans of director.

Section
58-24-32

Repealed.

Section
58-24-33

Exchange of information and experience data with other states--Consultation as to rate-making.

Section
58-24-34

Withholding of or giving false or misleading information--Penalties.

Section
58-24-35

Application for license as rating organization--Contents.

Section
58-24-36

Issuance of license--Finding by director--Time for granting or denying application.

Section
58-24-37

Duration of rating organization license--Fee.

Section
58-24-38

Suspension or revocation of license.

Section
58-24-39

Notice to director of change in license application information.

Section
58-24-40

Subscribers to rating services--Rules of rating organization.

Section
58-24-41

Review by director of reasonableness of rule or refusal to admit insurer as subscriber.

Section
58-24-42

Order affirming action of rating organization.

Section
58-24-43

Actuarial, technical, or other services provided to subscribers.

Section
58-24-44

Examination of evidences of insurance or cancellation--Rules as to submission--Information confidential.

Section
58-24-45

Regulation of payment of dividends, savings, or unabsorbed premium deposits prohibited.

Section
58-24-45.1

Group insurance marketing permitted--Conditions.

Section
58-24-46

Cooperation between organizations and insurers authorized--Review of cooperative activities by director.

Section
58-24-47

Appeal to director from action of rating organization--Hearing--Order.

Section
58-24-48

Appeal based on failure to file for different expense system--Application of rate-making standards.

Section
58-24-49

Application of insurer to file deviation--Basis for modification--Copy to rating organization.

Section
58-24-50

Deviations to be uniform within class.

Section
58-24-51

Criteria considered on application for deviation--Order permitting or denying deviation.

Section
58-24-52

Duration of permitted deviation.

Section
58-24-53

Advisory organization license required.

Section
58-24-54

Advisory organization filing requirements.

Section
58-24-55

Unfair or unreasonable advisory organization practices--Order requiring discontinuance.

Section
58-24-56

Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.

Section
58-24-57

Insurers engaging in joint underwriting or joint reinsurance subject to regulation.

Section
58-24-58

Unfair or unreasonable practices of joint underwriters or joint reinsurers--Order requiring discontinuance.

Section
58-24-59

Examination of rating organizations, advisory organizations, joint underwriters, and joint reinsurers--Acceptance of report of official of another state.

Section
58-24-60

Repealed.

Section
58-24-61

Violation of chapter--Penalties.

Section
58-24-62

Suspension of license of rating organization or insurer.

Section
58-24-63

Written order of director for imposition of penalty and suspension of license--Hearing, notice, findings.

Section
58-24-64

Request for hearing on order or decision--Notice--Affirmance, reversal, or modification.

Section
58-24-65

Rehearing and appeal from order of director.

Section
58-24-66

Notice required for filing for workers' compensation insurance.

Section
58-24-67

Notice to workers' compensation purchaser organizations.

Section
58-24-68

Exempt commercial policyholder defined.

Section
58-24-69

Risk manager defined.

Section
58-24-70

Exemption from rate and form filing requirements for policy issued to exempt commercial policyholder--Disclosure requirements.

Section
58-24-71

Third-party consultant disclosure requirements.

Section
58-24-72

Promulgation of rules.

Section
58-24-73

Insurer to maintain and provide copies of disclosures--Examination.

Section
58-24-74

Insurer to maintain records relating to insurance sales to exempt commercial policyholder--Examination by director.

Section
58-24-75

Premium increase prohibited for certain accidents involving law enforcement, emergency, or snow removal personnel--Exception.