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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05A - Insurance Holding Companies
§ 58-5A-69 Order by director upon violation of standards--Cease and desist--Denial of license.
Universal Citation: SD Codified L § 58-5A-69 (2019)
58-5A-69. Order by director upon violation of standards--Cease and desist--Denial of license. If an acquisition violates the standards of this chapter, the director may enter an order:
(1) Requiring an involved insurer to cease and desist from doing business in this state with respect to the line or lines of insurance involved in the violation; or
(2) Denying the application of an acquired or acquiring insurer for a license to do business in this state.
Source: SL 1992, ch 341, ยง 36.
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