S.D. Codified Laws § 58-29B-88

Current with legislation signed by the governor on or before 3/6/2024

Section 58-29B-88 - Liquidator's report to court-Time limit-Content

As soon as practicable, but not more than two years from the date of an order of liquidation under §§ 58-29B-41 to 58-29B-45, inclusive, of an insurer issuing assessable policies, the liquidator shall make a report to the court setting forth:

(1) The reasonable value of the assets of the insurer;

(2) The insurer's probable total liabilities;

(3) The probable aggregate amount of the assessment necessary to pay all claims of creditors and expenses in full, including expenses of administration and costs of collecting the assessment; and

(4) A recommendation as to whether or not an assessment should be made and in what amount.

SDCL 58-29B-88

SL 1989, ch 436, § 88.