South Dakota Codified Laws 58-27-73. Immediate disposal of ineligible property or security unlawfully acquired
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Any ineligible property or security unlawfully acquired by an insurer shall be disposed of forthwith, and for failure so to do within thirty days after order of the director requiring such disposal, the director may suspend or revoke the insurer’s certificate of authority.
Terms Used In South Dakota Codified Laws 58-27-73
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 6, § 32 (3).