There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 29B. Insurers Supervision, Rehabilitation And Liquidation
§58-29B-14 Director's determination of continuation of business hazardous--Notification of insurer.
SD Codified L § 58-29B-14 (through 2011) What's This?
58-29B-14. Director's determination of continuation of business hazardous--Notification of insurer. If upon examination or at any other time the director has reasonable cause to believe or determines that any domestic insurer is in such condition as to render the continuance of its business hazardous to the public or to holders of its policies or certificates of insurance, or if such domestic insurer gives its consent, then the director shall upon his determination:
(1) Notify the insurer of his determination; and
(2) Furnish to the insurer a written list of the director's requirements to abate his determination.
Source: SL 1989, ch 436, § 14.
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