Section 58-17-140 - Recision of policies issued prior to August 1, 2003.
58-17-140. Recision of policies issued prior to August 1, 2003. Any carrier that issued a basic or standard policy pursuant to § 58-17-85 prior to August 1, 2003, with an original effective date of August 1, 2003, or thereafter, to a person who applied for a basic or standard policy and is eligible for the risk pool may rescind that policy. The carrier shall forward all application materials of any person whose policy was rescinded pursuant to this section to the risk pool and the person shall be provided with coverage under the risk pool as provided by §§ 58-17-68, 58-17-70, 58-17-85, and 58-17-113 to 58-17-142, inclusive.
Source: SL 2003 (SS), ch 1, § 31.