58-25-10. Filing of rates and policies--Approval or disapproval by director.
Any filing made pursuant to §§58-25-7 to 58-25-9, inclusive, shall be approved by the director, unless he finds that such filing does not meet the requirements of this chapter or shall otherwise be contrary to law. As soon as reasonably possible after the filing has been made, the director shall, in writing, approve or disapprove the same; provided, however, that, if such filing has not been disapproved by the director within fifteen days from the date of filing, or within thirty days if such period be extended in writing by the director during the first fifteen days, it shall be deemed approved, and the rates, contracts, or other subject matter of such filing may be put into effect by the insurer at the expiration of such waiting period. In the event the director disapproves any filing, he shall specify in what respect he finds that such filing does not meet the requirements of this chapter or is otherwise contrary to law.
Source: SL 1966, ch 111, ch 14, §3 (4).
Structure South Dakota Codified Laws
Chapter 25 - Title Insurance Rates And Policies
Section 58-25-1 - Application of chapter.
Section 58-25-2 - Making of rates--Provisions governing.
Section 58-25-3 - Reasonableness and adequacy of rates.
Section 58-25-4 - Unfair discrimination in rates prohibited.
Section 58-25-5 - Grouping of guarantees by classification for rate-making.
Section 58-25-6 - Matters considered in making rates.
Section 58-25-7 - Schedule of rates or premiums--Filing with director--Contents.
Section 58-25-8 - Contracts, policies, or guarantees required to be filed with director, exceptions.
Section 58-25-10 - Filing of rates and policies--Approval or disapproval by director.
Section 58-25-13 - Deviations, rebates, and discounts prohibited.
Section 58-25-14 - Exchange of information and experience data--Consultation as to rate-making.
Section 58-25-15 - False or misleading information as misdemeanor.
Section 58-25-17 - Violation of chapter--Imposition of penalties by director.
Section 58-25-20 - Conduct of hearings before director.
Section 58-25-22 - Title insurance company to maintain reserve--Amount.
Section 58-25-23 - Reserves restored to net profits over twenty-year period--Amortization rate.
Section 58-25-24 - Calculation of adjusted statutory or unearned premium reserve.
Section 58-25-25 - Adjusted reserves restored to net profits or equity.
Section 58-25-26 - Title insurer to maintain known claim reserve--Amount.
Section 58-25-27 - Supplemental reserve to cover liabilities.