Section 58-24-12 - Satisfaction of insurer's obligations by becoming member or subscriber to licensedrating organization. - South Dakota Statutes

58-24-12. Satisfaction of insurer's obligations by becoming member or subscriber to licensed rating organization. An insurer may satisfy its obligation to make such filings by becoming a member of, or a subscriber to, a licensed rating organization which makes such filings, and by authorizing the director to accept such filings on its behalf; provided that nothing contained in this chapter shall be construed as requiring any insurer to become a member of or a subscriber to any rating organization.

Source: SL 1966, ch 111, ch 15, § 4 (2).