S.D. Codified Laws § 58-24-35

Current through the 2024 Legislative Session
Section 58-24-35 - Application for license as rating organization-Contents

A corporation, unincorporated association, partnership, individual, or any other legal business entity, whether located within or outside this state, may apply for a license as a rating organization by providing the following information in its application:

(1) A copy of its governing documents, to include its constitution, articles of agreement or association, certificate of incorporation, bylaws, rules, and regulations, as applicable;
(2) A list of its members and subscribers;
(3) The name and address of a resident of this state upon whom notices or orders of the director or process affecting such rating organization may be served;
(4) A statement of its qualifications as a rating organization; and
(5) A statement specifying the kind of insurance, or subdivision, class, or part of risk or combination thereof for which the rating organization intends to be licensed.

SDCL 58-24-35

SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, §2.
Amended by S.L. 2014, ch. 239,s. 2, eff. 7/1/2014.