South Dakota Codified Laws 58-33-61. Grounds for cancellation
After sixty days from the effective date of policy issuance a notice of cancellation may not be issued unless it is based upon at least one of the following reasons:
(1) Nonpayment of premium;
Terms Used In South Dakota Codified Laws 58-33-61
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Fraud: Intentional deception resulting in injury to another.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(2) Discovery of fraud or material misrepresentation made by or with the knowledge of the named insured in obtaining the policy, continuing the policy, or in presenting a claim under the policy;
(3) Discovery of acts or omissions on the part of the named insured which increase any hazard insured against;
(4) The occurrence of a change in the risk which substantially increases any hazard insured against after insurance coverage has been issued;
(5) A violation of any local fire, health, safety, building, or construction regulation or ordinance with respect to any insured property or the occupancy thereof which substantially increases any hazard insured against;
(6) A determination by the director of the Division of Insurance that the continuation of the policy would jeopardize a company’s solvency or would place the insurer in violation of the insurance laws of this state;
(7) Violation or breach by the insured of any policy terms or conditions; or
(8) Such other reasons as are approved by the director of the Division of Insurance.
Source: SL 1985, ch 392, § 3; SL 1986, ch 421, § 1.