58-20-31. Promulgation of rules governing self-insurance associations.
The department may promulgate rules governing associations pursuant to chapter 1-26 concerning:
(1)Application, financial, annual reports, or other forms to be created by the department under §§58-20-25 to 58-20-40, inclusive;
(2)Financial requirements of the department for approving and maintaining a certificate;
(3)Requiring an application fee not to exceed two thousand dollars; and
(4)Requiring the association to process and act upon claims in accordance with the guidelines applicable for domestic insurance companies.
Source: SL 1995, ch 282, §7.