58-17-73.   Director approval required to establish additional classes of business--Rates or rating methodologies. The director may approve the establishment of additional classes of business upon application to the director and a finding by the director that such action would enhance the efficiency and fairness of the individual marketplace. Nothing in §§ 58-17-66 to 58-17-87, inclusive, requires a carrier to change any of its rates or rating methodologies for any business other than the individual business subject to the provisions of §§ 58-17-66 to 58-17-87, inclusive.

Source: SL 1996, ch 286, § 8.

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