Section 58-24-56 - Adoption of rate-making recommendations furnished by noncomplying advisoryorganization--Order requiring discontinuance. - South Dakota Statutes

58-24-56. Adoption of rate-making recommendations furnished by noncomplying advisory organization--Order requiring discontinuance. No insurer which makes its own filings or any rating organization shall support its filings by statistics or adopt rate-making recommendations, furnished to it by an advisory organization which has not complied with § 58-24-54 or with an order of the director involving such statistics or recommendations issued under § 58-24-55. If the director finds such insurer or rating organization to be in violation of this section he may issue an order requiring the discontinuance of such violation.

Source: SL 1966, ch 111, ch 15, § 10 (4).