A South Dakota legislative panel is looking at proposals to improve the regulation of insurance companies.
Gov. Dennis Daugaard has said the proposals were drafted after reports that an insurance company had seriously hurt people. He says current laws do not give the state Division of Insurance adequate authority to protect insurance customers properly.
The House Judiciary Committee on Friday is scheduled to hear testimony on four bills. One sets standards and allows penalties to be imposed on insurance companies that engage in unfair practices. Other measures change the process for imposing penalties on insurance companies and improve the disclosure of information about state investigations of insurance companies.
Most Popular Today
- 1.Retail & Restaurants
Yogurt City Opens In Time For Spring Weather
GM Appoints Recall Investigation Team
- 3.General, Retail & Restaurants, Summit League Tournament
Summit League Brings Big Business To Sioux Falls
- 4.Gas & Energy
High Demand For MN Solar Energy Program
- 5.Gas & Energy
Gas Prices Up In South Dakota
- 6.Gas & Energy
Survey: U.S. Average Gas Price Up Ten Cents A Gallon
- 7. All Industries
Inside KELOLAND: South Dakota Workforce
Tuesday Morning Business Brief
Monday Morning Business Brief
Monday Afternoon Business Brief