Section 58-25-5 - Grouping of guarantees by classification for rate-making. - South-dakota Statutes

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58-25-5. Grouping of guarantees by classification for rate-making. Guarantees may be grouped by classification for the establishment of rates and minimum premiums. A special or unusual guarantee, more hazardous to the insurer than ordinary title guarantees because of an alleged irregularity or a difference in interpretation or application of law which might affect marketability of title, may be classified individually and separately according to the circumstances peculiar to each case.

Source: SL 1966, ch 111, ch 14, § 2 (4).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-25 > Statute-58-25-5

58-25-5. Grouping of guarantees by classification for rate-making. Guarantees may be grouped by classification for the establishment of rates and minimum premiums. A special or unusual guarantee, more hazardous to the insurer than ordinary title guarantees because of an alleged irregularity or a difference in interpretation or application of law which might affect marketability of title, may be classified individually and separately according to the circumstances peculiar to each case.

Source: SL 1966, ch 111, ch 14, § 2 (4).

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-25 > Statute-58-25-5

58-25-5. Grouping of guarantees by classification for rate-making. Guarantees may be grouped by classification for the establishment of rates and minimum premiums. A special or unusual guarantee, more hazardous to the insurer than ordinary title guarantees because of an alleged irregularity or a difference in interpretation or application of law which might affect marketability of title, may be classified individually and separately according to the circumstances peculiar to each case.

Source: SL 1966, ch 111, ch 14, § 2 (4).