Section 58-19-46 - Review of insurance company's actuarial data--Reimbursement of cost

58-19-46. Review of insurance company's actuarial data--Reimbursement of cost.In approving or establishing the premium rates for credit unemployment insurance, the division shall review the insurance company's actuarial data to assure that the rates are fair and reasonable. The insurance director may hire or contract with a qualified actuary to review the data. The insurance division shall obtain reimbursement from the insurance company for the cost of the actuarial review of rates. Source: SL 1987, ch 380, §8; SL 2002, ch 238, §1.