S.D. Codified Laws § 58-35-50

Current through the 2024 Legislative Session
Section 58-35-50 - Directors' and officers' liability for failure to pay claims

The directors or officers of an insurer are liable in their individual capacity to the person sustaining an insured loss, if they willfully refuse or neglect to make an assessment and collect the obligations owing to the insurer in accordance with the provisions of this chapter.

SDCL 58-35-50

SL 1966, ch 111, ch 17, § 31.