Section 58-24-56 - Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance

58-24-56. Filings based on information furnished by noncompliant advisory organization prohibited--Order requiring discontinuance.No insurer that makes its own filings or any rating organization that submits filings with the division may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has not complied with §58-24-54 or with an order of the director involving statistics or recommendations issued under §58-24-55. If the director finds an insurer or rating organization to be in violation of this section the director may issue an order requiring the discontinuance of the violation. Source: SL 1966, ch 111, ch 15, §10 (4); SL 2014, ch 239, §18.