South Dakota Codified Laws 58-24-12. Satisfaction of insurer’s obligations by becoming member of or subscriber to licensed rating organization
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An insurer may satisfy its obligation to make filings pursuant to this chapter by:
(1) Becoming a member of, or a subscriber to, a licensed rating organization that makes filings; and
Terms Used In South Dakota Codified Laws 58-24-12
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) Authorizing the director to accept filings on its behalf.
Nothing contained in this chapter may be construed as requiring any insurer to become a member of or a subscriber to any rating organization.
Source: SL 1966, ch 111, ch 15, § 4 (2); SL 2014, ch 239, § 1.