State statute · South Dakota

Fire, Marine, Casualty, and Surety Insurance Rates and Rating Organizations

South Dakota Codified Laws Title 58, Chapter 58-24

Publisher: sdlegislature.gov
Edition: South Dakota Codified Laws
Last checked: 2026-09-25
Status: SD statutes, public domain

Edition and licensing notes

Edition. South Dakota Codified Laws (SDLRC official posting), retrieved 2026-09-25

Status. SD statutes, public domain (state government edict).

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What this document is

South Dakota Codified Laws Title 58, Chapter 58-24 - Fire, Marine, Casualty, and Surety Insurance Rates and Rating Organizations is a state statute published by sdlegislature.gov. It is one of the South Dakota documents that insurance license exam questions are written from, including south dakota property & casualty, south dakota personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

S.D. Codified Laws § 58-24-6.1 (Failure of rate to reflect difference in expected losses and expenses as unfair discrimination--Averaged group rates not unfairly discriminatory)
“One rate is unfairly discriminatory in relation to another in the same class if it clearly fails to reflect equitably the difference in expected losses and expenses. Rates are not unfairly discriminatory because different premiums result for policyholders with like loss exposures but different...”
S.D. Codified Laws § 58-24-10 (Filing of rates with director--Effective date--Character and extent of coverage--Exceptions)
“Every insurer shall file with the director of the Division of Insurance every manual, minimum, class rate, rating schedule, or rating plan and every other rating rule, and every modification of any of the foregoing which it proposes to use. Every such filing shall state the proposed effective date...”
SDCL 58-24-6 (Making of rates--Matters considered)
“The loss experience shall be on at least the most recent five-year period for which such experience is available. If South Dakota data are not adequate because of insufficient sample size, the director shall consider the loss experience or the expense data, or both, outside this state.”
SDCL 58-24-29 (Right of insured to hearing on application of rating system)
“Every rating organization and every insurer which makes its own rates shall provide within this state reasonable means whereby any person aggrieved by the application of its rating system may be heard, in person or by his authorized representative, on his written request to review the manner in...”
SDCL 58-24-1 (Purpose of chapter)
“The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate-making and in other matters within the scope of this...”
SDCL 58-24-6.1 (Failure of rate to reflect difference in expected losses and expenses as unfair discrimination)
“One rate is unfairly discriminatory in relation to another in the same class if it clearly fails to reflect equitably the difference in expected losses and expenses. Rates are not unfairly discriminatory because different premiums result for policyholders with like loss exposures but different...”
SDCL 58-24-10.1 (Rating rules required to be filed with director)
“Every insurer writing automobile insurance as defined by subdivisions 58-11-45(1) to (3), inclusive, and subdivision 58-23-6(2), and every insurer writing liability insurance, physical damage insurance, and collision insurance on all motor vehicles ordinarily used on the public highways, except for...”
SDCL 58-24-25 (Issuance of contract or policy contrary to filings prohibited)
“No insurer shall make or issue a contract or policy except in accordance with the filings which are in effect for said insurer as provided in this chapter. This section shall not apply to contracts or policies for inland marine risks as to which filings are not required.”
SDCL 58-24-26 (Excess rate approved for specific risk)
“Upon written application signed by the insured, stating the reasons therefor, filed with and approved by the director, a rate in excess of that provided by a filing otherwise applicable may be used on any specific risk. The application for approval of this rate shall be filed prior to the effective...”
SDCL 58-24-75 (Premium increase prohibited for certain accidents involving law enforcement, emergency, or snow removal personnel)
“No insurer may increase the premium or rate of an insured at policy issuance, during the term of a policy, or at renewal because of an accident if the insured was lawfully engaged in the performance of official duties as a law enforcement officer, firefighter, emergency medical technician, or...”
SDCL 58-24-27 (Assigned risks; reasonable rate modifications)
“Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods, and such insurers may agree among themselves on the use...”
SDCL 58-24-9 (Uniformity as to rates not required)
“Except to the extent necessary to meet the provisions of § 58-24-5, uniformity among insurers in any matters within the scope of §§ 58-24-4 to 58-24-8, inclusive, is neither required nor prohibited.”

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