Upon not less than five days’ notice and a hearing pursuant to such notice, the Department of Public Safety may upon reasonable grounds cancel a certificate of self–insurance. Failure to pay any judgment within thirty days after such judgment shall have become final shall constitute a reasonable ground for the cancellation of a certificate of self–insurance.

Source: SL 1957, ch 212, § 71; SDC Supp 1960, § 44.03A66; SL 2004, ch 17, § 174.