South Dakota Statutes

§ 58-24-56 — Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.

South Dakota·Title 58 INSURANCE·Ch. 58-23A FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS
No insurer that makes its own filings or any rating organization that submits filings with the division may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with § 58-24-54 or with an order of the director involving statistics or recommendations issued under § 58-24-55 . If the director finds an insurer or rating organization to be in violation of this section the director may issue an order requiring the discontinuance of the violation.

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South Dakota § 58-24-56 (Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 15, § 10 (4); SL 2014, ch 239, § 18.

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