S.D. Codified Laws § 58-24-12

Current through the 2024 Legislative Session

Section 58-24-12 - Satisfaction of insurer's obligations by becoming member of or subscriber to licensed rating organization

An insurer may satisfy its obligation to make filings pursuant to this chapter by:

(1) Becoming a member of, or a subscriber to, a licensed rating organization that makes filings; and

(2) Authorizing the director to accept filings on its behalf.

Nothing contained in this chapter may be construed as requiring any insurer to become a member of or a subscriber to any rating organization.

SDCL 58-24-12

SL 1966, ch 111, ch 15, § 4 (2); SL 2014, ch 239, §1.

Amended by S.L. 2014, ch. 239,s. 1, eff. 7/1/2014.