Premium rate not to exceed scheduled rate--Misdemeanor.

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58-19-13. Premium rate not to exceed scheduled rate--Misdemeanor.

No insurer shall issue any credit life insurance policy or credit health insurance policy for which the premium rate exceeds that determined by the schedules of such insurer as then on file with the director. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 27, §8 (1); SL 1978, ch 359, §2.


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