S.D. Codified Laws § 58-5A-69

Current through the 2024 Legislative Session

Section 58-5A-69 - Order by director upon violation of standards-Cease and desist-Denial of license

If an acquisition violates the standards of this chapter, the director may enter an order:

(1) Requiring an involved insurer to cease and desist from doing business in this state with respect to the line or lines of insurance involved in the violation; or

(2) Denying the application of an acquired or acquiring insurer for a license to do business in this state.

SDCL 58-5A-69

SL 1992, ch 341, § 36.