{"data":{"id":"us-sd/sdcl-58-24-70","jurisdiction":"us-sd","citation":"SDCL § 58-24-70","heading":"Exemption from rate and form filing requirements for policy issued to exempt commercial policyholder--Disclosure requirements.","body":"An insurer issuing a policy to an exempt commercial policyholder is exempt, except as provided for in §§ 58-24-68 to 58-24-74, inclusive, from the rate filing requirements of chapter 58-24 and the form filing requirements of § 58-11-12. At the time of soliciting an exempt commercial policyholder to purchase insurance, the insurance producer, or the insurer in the case of a direct procurement from the insurer, shall disclose to the policyholder and the policyholder's risk manager, on a form created by the insurer, that a premium or rate may be quoted or a policy form may be used that is not subject to the rate and form filing requirements of the Division of Insurance.","path":["TITLE 58. INSURANCE","CHAPTER 58-24. FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS"],"source_url":"https://sdlegislature.gov/Statutes/58-24-70","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"70a7bd04a8c48790d2bc78e8cb423f78f2aaf4ff9c66a3386fdc0b33f3f827e9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-24-69","next":"us-sd/sdcl-58-24-71"},"notice":"GroundRules: Original legal text. Not legal advice."}