Section 58-24-53 - "Advisory organization" defined.
58-24-53. "Advisory organization" defined. Every group, association, or other organization of insurers, whether located within or outside this state, which assists insurers which make their own filings or rating organizations in rate-making, by the collection and furnishing of loss or expense statistics, or by the submission of recommendations, but which does not make filings under this chapter shall be known as an advisory organization.
Source: SL 1966, ch 111, ch 15, § 10 (1).