58-24-36. Issuance of license--Finding by director--Time for granting or denying application.
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/sd/title-58/chapter-58-24/58-24-36·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the director finds that the applicant is competent, trustworthy, and otherwise qualified to act as a rating organization and that the contents of its application conform to the requirements of law, the director shall issue a license specifying the kinds of insurance, or subdivisions or classes of risks or parts or combinations thereof for which the applicant is authorized to act as a rating organization. Each application shall be granted or denied in whole or in part by the director within sixty days of the date of its filing with the director.