58-25-14. Exchange of information and experience data--Consultation as to rate-making.
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/sd/title-58/chapter-58-25/58-25-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In order to further more equitable establishment and adjustment of rates and premiums and forms of contracts, policies, or guarantees of insurance, the director and every insurer may exchange information and experience data with each other, and with the insurance supervisory officials and insurers in other states and with national organizations and associations and may consult and cooperate with them in respect to rate - and premium - making and forms of contracts, policies, and guarantees of insurance.