58-17-73. Director approval required to establish additional classes of business--Rates or rating methodologies.
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/sd/title-58/chapter-58-17/58-17-73·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may approve the establishment of additional classes of business upon application to the director and a finding by the director that such action would enhance the efficiency and fairness of the individual marketplace. Nothing in §§ 58-17-66 to 58-17-87 , inclusive, requires a carrier to change any of its rates or rating methodologies for any business other than the individual business subject to the provisions of §§ 58-17-66 to 58-17-87 , inclusive.