Section 58-24-41 - Review by director of reasonableness of rule or regulation--Refusal to admit insureras subscriber. - South Dakota Statutes

58-24-41. Review by director of reasonableness of rule or regulation--Refusal to admit insurer as subscriber. The reasonableness of any rule or regulation in its application to subscribers, or the refusal of any rating organization to admit an insurer as a subscriber, shall, at the request of any subscriber or any such insurer, be reviewed by the director at a hearing held upon at least ten days' written notice to such rating organization and to each subscriber or insurer. If the director finds that such rule or regulation is unreasonable in its application to subscribers, he shall order that such rule or regulation shall not be applicable to subscribers.

Source: SL 1966, ch 111, ch 15, § 6 (2).