Section 58-24-42 - Review by director on failure of rating organization to act on application--Orderadmitting subscriber or affirming action. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-24 > Statute-58-24-42

58-24-42. Review by director on failure of rating organization to act on application--Order admitting subscriber or affirming action. If the rating organization fails to grant or reject an insurer's application for subscribership within thirty days after it was made, the insurer may request a review by the director as if the application had been rejected. If the director finds that the insurer has been refused admittance to the rating organization as a subscriber without justification, he shall order the rating organization to admit the insurer as a subscriber. If he finds that the action of the rating organization was justified he shall make an order affirming its action.

Source: SL 1966, ch 111, ch 15, § 6 (2).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-24 > Statute-58-24-42

58-24-42. Review by director on failure of rating organization to act on application--Order admitting subscriber or affirming action. If the rating organization fails to grant or reject an insurer's application for subscribership within thirty days after it was made, the insurer may request a review by the director as if the application had been rejected. If the director finds that the insurer has been refused admittance to the rating organization as a subscriber without justification, he shall order the rating organization to admit the insurer as a subscriber. If he finds that the action of the rating organization was justified he shall make an order affirming its action.

Source: SL 1966, ch 111, ch 15, § 6 (2).

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-24 > Statute-58-24-42

58-24-42. Review by director on failure of rating organization to act on application--Order admitting subscriber or affirming action. If the rating organization fails to grant or reject an insurer's application for subscribership within thirty days after it was made, the insurer may request a review by the director as if the application had been rejected. If the director finds that the insurer has been refused admittance to the rating organization as a subscriber without justification, he shall order the rating organization to admit the insurer as a subscriber. If he finds that the action of the rating organization was justified he shall make an order affirming its action.

Source: SL 1966, ch 111, ch 15, § 6 (2).