South Dakota § 58-24-7 - Risks grouped by classification for rate-making--Modification of classification rates.
Full text of South Dakota South Dakota Codified Laws § 58-24-7 — Risks grouped by classification for rate-making--Modification of classification rates., with citation guidance and answers to common questions.
§ 58-24-7. Risks grouped by classification for rate-making--Modification of classification rates.
Risks may be grouped by classifications for the establishment of rates and minimum premiums. Classification rates may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both. Such standards may measure any differences among risks that can be demonstrated to have a probable effect upon losses or expenses.
Source: SL 1966, ch 111, ch 15, § 3 (1) (d).
Frequently Asked Questions About South Dakota § 58-24-7
What does South Dakota Codified Laws § 58-24-7 cover?
Section 58-24-7 ("Risks grouped by classification for rate-making--Modification of classification rates.") 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 § 58-24-7?
A common citation format is "South Dakota Codified Laws § 58-24-7" (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 § 58-24-7 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.