58-24-35. Application for license as rating organization--Contents.
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/sd/title-58/chapter-58-24/58-24-35·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.