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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 29B - Insurers Supervision, Rehabilitation And Liquidation
§ 58-29B-116 Third party claim against insured of insurer in liquidation filed with liquidator--Insured's filing--Late filing.
Universal Citation: SD Codified L § 58-29B-116 (2019)
58-29B-116. Third party claim against insured of insurer in liquidation filed with liquidator--Insured's filing--Late filing. If any third party asserts a cause of action against an insured of an insurer in liquidation, the third party may file a claim with the liquidator. Whether or not the third party files a claim, the insured may file a claim on his own behalf in the liquidation. If the insured fails to file a claim by the date for filing claims specified in the order of liquidation or within sixty days after mailing of the notice required by §§ 58-29B-51 and 58-29B-52, whichever is later, he is an unexcused late filer.
Source: SL 1989, ch 436, § 116.
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