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2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 14 - Reinsurance
Section 58-14-16.32 - Assuming insurers in receivership.
Universal Citation: SD Codified L § 58-14-16.32 (2020)
58-14-16.32. Assuming insurers in receivership.
If subject to a legal process of rehabilitation, liquidation, or conservation, the ceding insurer or its representative may seek and, if determined appropriate by the court in which the proceedings are pending, obtain an order requiring that the assuming insurer post security for all outstanding ceded liabilities.
Source: SL 2021, ch 211, ยง 10.
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