Rejected business defined

Rejected business is a risk that an insurer then represented by the insurance producer has rejected for underwriting reasons, or is willing to accept only on a substandard basis; but which business will be accepted and issued by another authorized insurer at a lower rate. Source: SL 1982, ch 365 , § 7; SL 2001, ch 286 , § 155. 58-30-2. Repealed by SL 1982, ch 365 , § 8 58-30-2.1. Repealed by SL 2002, ch 240 , § 2 58-30-3, 58-30-4. Repealed by SL 1982, ch 365 , §§ 10, 11 58-30-5, 58-30-5.1. Repealed by SL 2001, ch 286 , §§ 228, 229