South Dakota Codified Laws 58-29B-14. Director’s determination of continuation of business hazardous–Notification of insurer
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If upon examination or at any other time the director has reasonable cause to believe or determines that any domestic insurer is in such condition as to render the continuance of its business hazardous to the public or to holders of its policies or certificates of insurance, or if such domestic insurer gives its consent, then the director shall upon his determination:
(1) Notify the insurer of his determination; and
Terms Used In South Dakota Codified Laws 58-29B-14
- Continuance: Putting off of a hearing ot trial until a later time.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
(2) Furnish to the insurer a written list of the director’s requirements to abate his determination.
Source: SL 1989, ch 436, § 14.