S.D. Codified Laws § 58-32-23

Current through the 2024 Legislative Session

Section 58-32-23 - Financial condition of surplus line insurer-Director not required to determine

Subdivision 58-32-22(3) shall not be deemed to place upon the director any duty or responsibility to determine the actual financial condition or claims practices of any unauthorized insurer; and the eligibility of an insurer hereunder shall indicate only that the insurer appears to be sound financially and to have satisfactory claims practices, and that the director has no credible evidence to the contrary.

SDCL 58-32-23

SL 1966, ch 111, ch 11, § 6 (3).