Section 58-25-5 - Grouping of guarantees by classification for rate-making.
58-25-5. Grouping of guarantees by classification for rate-making. Guarantees may be grouped by classification for the establishment of rates and minimum premiums. A special or unusual guarantee, more hazardous to the insurer than ordinary title guarantees because of an alleged irregularity or a difference in interpretation or application of law which might affect marketability of title, may be classified individually and separately according to the circumstances peculiar to each case.
Source: SL 1966, ch 111, ch 14, § 2 (4).