Section 58-24-36 - Issuance of license--Finding by director--Time for granting or denying application. - South Dakota Statutes

58-24-36. Issuance of license--Finding by director--Time for granting or denying application. If the director finds that the applicant is competent, trustworthy, and otherwise qualified to act as a rating organization and that its constitution, articles of agreement or association, or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business conform to the requirements of law, he 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. Every such application shall be granted or denied in whole or in part by the director within sixty days of the date of its filing with him.

Source: SL 1966, ch 111, ch 15, § 6 (1).