58-24-51. Criteria considered on application for deviation--Order permitting or denying deviation.
85 words·~1 min read·
/sd/title-58/chapter-58-24/58-24-51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In considering the application to file such deviation, the director shall give consideration to the available statistics and the principles for rate - making as provided in §§ 58-24-5 to 58-24-9 , inclusive. The director shall issue an order permitting the deviation for such insurer to be filed if he finds it to be justified and it shall thereupon become effective. He shall issue an order denying such application if he finds that the deviation applied for does not meet the requirements of this chapter.