58-4A-17. Insurer to reevaluate rates for possible reduction in light of impact of fraud prevention.
Each authorized insurer shall, every three years after July 1, 1999, reevaluate its rates based upon the impact that fraud prevention has had upon its rates, considering the impact of §§58-4A-1 to 58-4A-17, inclusive, and the impact of any fraud prevention units of the insurer or other fraud prevention organization and appropriate accumulated data and, if justified by the insurer's actuary, reduce its rates.
Source: SL 1999, ch 241, §17.
Structure South Dakota Codified Laws
Section 58-4A-1 - Definition of terms.
Section 58-4A-3 - Powers of insurance fraud prevention unit.
Section 58-4A-4 - Insurance fraud prevention unit--Purpose--Composition.
Section 58-4A-6 - Unit investigators--Qualifications--Powers--Costs of investigation.
Section 58-4A-8 - Operational costs of unit.
Section 58-4A-10 - Consent agreement not prohibited.
Section 58-4A-11 - Unit governed by chapter.
Section 58-4A-15 - Limitations of chapter.