Section 58-24-56 - Adoption of rate-making recommendations furnished by noncomplying advisoryorganization--Order requiring discontinuance. - South-dakota Statutes

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58-24-56. Adoption of rate-making recommendations furnished by noncomplying advisory organization--Order requiring discontinuance. No insurer which makes its own filings or any rating organization shall 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 such statistics or recommendations issued under § 58-24-55. If the director finds such insurer or rating organization to be in violation of this section he may issue an order requiring the discontinuance of such violation.

Source: SL 1966, ch 111, ch 15, § 10 (4).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-24 > Statute-58-24-56

58-24-56. Adoption of rate-making recommendations furnished by noncomplying advisory organization--Order requiring discontinuance. No insurer which makes its own filings or any rating organization shall 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 such statistics or recommendations issued under § 58-24-55. If the director finds such insurer or rating organization to be in violation of this section he may issue an order requiring the discontinuance of such violation.

Source: SL 1966, ch 111, ch 15, § 10 (4).

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-24 > Statute-58-24-56

58-24-56. Adoption of rate-making recommendations furnished by noncomplying advisory organization--Order requiring discontinuance. No insurer which makes its own filings or any rating organization shall 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 such statistics or recommendations issued under § 58-24-55. If the director finds such insurer or rating organization to be in violation of this section he may issue an order requiring the discontinuance of such violation.

Source: SL 1966, ch 111, ch 15, § 10 (4).