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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 14 - Reinsurance
§ 58-14-16.15 Inactive certified reinsurers.
Universal Citation: SD Codified L § 58-14-16.15 (2019)
58-14-16.15. Inactive certified reinsurers. A certified reinsurer that ceases to assume new business in this state may request to maintain the certified reinsurer's certification in inactive status in order to continue to qualify for a reduction in security for the certified reinsurer's in-force business. An inactive certified reinsurer shall continue to comply with all applicable requirements of certification, and the director shall assign a rating that takes into account, if relevant, the reasons why the reinsurer is not assuming new business.
Source: SL 2017, ch 211, ยง 26.
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