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

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58-24-45. Regulation of payment of dividends, savings, or unabsorbed premium deposits prohibited.

No rating organization may adopt any rule the effect of which would prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers.

Source: SL 1966, ch 111, ch 15, §6 (3); SL 2014, ch 239, §11.


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