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§ 58-24-35 Application for license as rating organization--Contents.

SD Codified L § 58-24-35 (2019) (N/A)
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58-24-35. Application for license as rating organization--Contents. A corporation, unincorporated association, partnership, individual, or any other legal business entity, whether located within or outside this state, may apply for a license as a rating organization by providing the following information in its application:

(1) A copy of its governing documents, to include its constitution, articles of agreement or association, certificate of incorporation, bylaws, rules, and regulations, as applicable;

(2) A list of its members and subscribers;

(3) The name and address of a resident of this state upon whom notices or orders of the director or process affecting such rating organization may be served;

(4) A statement of its qualifications as a rating organization; and

(5) A statement specifying the kind of insurance, or subdivision, class, or part of risk or combination thereof for which the rating organization intends to be licensed.Source: SL 1966, ch 111, ch 15, § 6 (1); SL 2014, ch 239, § 2.

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§ 58-24-36 Issuance of license--Finding by director--Time for granting or denying application.