South Dakota Codified Laws 58-14-16.32. Assuming insurers in receivership
Current as of: 2023 | Check for updates
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If subject to a legal process of rehabilitation, liquidation, or conservation, the ceding insurer or its representative may seek and, if determined appropriate by the court in which the proceedings are pending, obtain an order requiring that the assuming insurer post security for all outstanding ceded liabilities.
Terms Used In South Dakota Codified Laws 58-14-16.32
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Source: SL 2021, ch 211, § 10.