2011 South Dakota Code
Title 58 INSURANCE
Chapter 29D. Regulation Of Life And Health Administrators
§58-29D-11 Transfer of records to new administrator.


SD Codified L § 58-29D-11 (through 2011) What's This?

58-29D-11. Transfer of records to new administrator. In the event the insurer and the administrator cancel their agreement, notwithstanding the provisions of § 58-29D-8, the administrator may, by written agreement with the insurer, transfer all records to a new administrator rather than retain them for five years. In such cases, the new administrator shall acknowledge, in writing, that it is responsible for retaining the records for the prior administrator as required in § 58-29D-8.

Source: SL 1992, ch 352, § 11.

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