Claims information to be provided to property and casualty insureds.
ENTITLED, An Act to
provide claims information to commercial property casualty insureds.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
be amended by adding thereto a NEW SECTION to read as
Any carrier who is or has provided commercial property casualty coverage in this state shall
provide, at the written request of the insured, annual reports of the claims experience of that
insured for the immediate past policy period and for any time frames which are not in excess of
three years prior to the policy period for which the request was made. A carrier is not required to
provide any claim information that pertains to a prior carrier's experience with that insured. The
claims report shall be in sufficient detail so as to provide the insured with data sufficient to assess
the insured's future commercial property casualty insurance needs. The director may promulgate
rules pursuant to chapter 1-26 regarding the content and time frames for the annual reports.
Signed March 1, 2007