S.D. Codified Laws § 58-14-16.32

Current through the 2024 Legislative Session
Section 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.

SDCL 58-14-16.32

SL 2021, ch 211, §10.
Added by S.L. 2021, ch. 211,s. 10, eff. 7/1/2021.