Section 58-17-73 - Director approval required to establish additional classes of business--Rates or rating methodologies

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.