South Dakota § 58-24-6 - Making of rates--Matters considered.
Full text of South Dakota South Dakota Codified Laws § 58-24-6 — Making of rates--Matters considered., with citation guidance and answers to common questions.
§ 58-24-6. Making of rates--Matters considered.
To determine whether rates are excessive, inadequate, or unfairly discriminatory, the director may consider:
(1) Past and prospective loss experience within this state;
(2) Conflagration and catastrophic hazards;
(3) Reasonable margin for the underwriting profit and contingencies;
(4) Dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers;
(5) Past and prospective expenses specially applicable to this state; and
(6) All other relevant factors within and outside this state.
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.
Source: SL 1966, ch 111, ch 15, § 3 (1) (b); SL 1990, ch 400, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-24-6
What does South Dakota Codified Laws § 58-24-6 cover?
Section 58-24-6 ("Making of rates--Matters considered.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-24-6?
A common citation format is "South Dakota Codified Laws § 58-24-6" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-24-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.