S.D. Codified Laws § 58-5A-102

Current through the 2024 Legislative Session
Section 58-5A-102 - Premiums-Property of insurer

Premiums and other funds belonging to the insurer that are collected by or held by an affiliate are the exclusive property of the insurer and are subject to the control of the insurer. Any right of offset in the event an insurer is placed into receivership is subject to chapter 58-29B.

SDCL 58-5A-102

SL 2024, ch 201, §15.
Added by S.L. 2024, ch. 201,s. 15, eff. 7/1/2024.