South Dakota Codified Laws 58-29B-9. Persons to cooperate in proceedings and preliminary investigations
Any officer, manager, director, trustee, owner, employee, representative, or insurance producer of any insurer, or any other persons with authority over or in charge of any segment of the insurer’s affairs, shall cooperate with the director in any proceeding under this chapter or any investigation preliminary to the proceeding. The term, person, as used in this section, includes any person who exercises control directly or indirectly over activities of insurer through any holding company or other affiliate of the insurer. The term, to cooperate, includes the following:
(1) To reply promptly in writing to any inquiry from the director requesting such a reply; and
Terms Used In South Dakota Codified Laws 58-29B-9
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- Trustee: A person or institution holding and administering property in trust.
(2) To make available to the director any books, accounts, documents, or other records or information or property of or pertaining to the insurer and in the insurer’s possession, custody, or control.
Source: SL 1989, ch 436, § 9; SL 2001, ch 286, § 140.