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§ 58-24-41 Review by director of reasonableness of rule or refusal to admit insurer as subscriber.

SD Codified L § 58-24-41 (2019) (N/A)
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58-24-41. Review by director of reasonableness of rule or refusal to admit insurer as subscriber. Any subscriber, member, or insurer may request a hearing held by the director to determine the reasonableness of any rule or regulation of a rating organization in its application to each subscriber or the refusal of any rating organization to admit an insurer as a subscriber. The hearing shall be held upon at least ten days' written notice to such rating organization and to each subscriber or insurer pursuant to chapter 1-26. If the director finds that the rule is unreasonable in its application to subscribers, or that an insurer is denied subscription without justification, the director shall order that the rule is not applicable to subscribers or that the insurer is to be admitted as a subscriber, as applicable.

Source: SL 1966, ch 111, ch 15, § 6 (2); SL 2014, ch 239, § 8.

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