58-24-26. Excess rate approved for specific risk--Filing application.
75 words·~1 min read·
/sd/title-58/chapter-58-24/58-24-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon written application signed by the insured, stating the reasons therefor, filed with and approved by the director, a rate in excess of that provided by a filing otherwise applicable may be used on any specific risk. The application for approval of this rate shall be filed prior to the effective date of the policy being issued. The director may waive the requirement of prior filing if a special need or circumstance can be demonstrated.