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2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 14 - Reinsurance
Section 58-14-16.34 - Application of reciprocal jurisdiction laws.
Universal Citation: SD Codified L § 58-14-16.34 (2020)
58-14-16.34. Application of reciprocal jurisdiction laws.
Nothing in §§ 58-14-16.23 to 58-14-16.34, inclusive:
(1)Limits or in any way alters the capacity of parties to a reinsurance agreement to agree on requirements for security or other terms in that reinsurance agreement except as expressly prohibited by this chapter or other applicable law;
(2)Authorizes an assuming insurer to withdraw or reduce the security provided under any reinsurance agreement except as permitted by the terms of the agreement; or
(3)Limits or alters the capacity of parties to any reinsurance agreement to renegotiate the agreement.
Source: SL 2021, ch 211, § 12.
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