South Dakota Codified Laws 58-5A-30. Failure to file registration statement or enterprise risk report–Penalty–Waiver
Current as of: 2023 | Check for updates
|
Other versions
Failure to file a registration statement, enterprise risk report, or keep the registration statement current within the time specified in this chapter is a violation of this title. Any insurer failing, without just cause, to file any registration statement or amendment as required in this chapter shall pay a penalty of not less than one hundred dollars for each day’s delay, but not to exceed twenty-five thousand dollars. The director may reduce or waive the penalty if the insurer demonstrates to the director that the imposition of the penalty constitutes a financial hardship to the insurer.
Terms Used In South Dakota Codified Laws 58-5A-30
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Source: SL 1972, ch 267, §§ 24, 36; SDCL Supp, § 58-5A-42; SL 1978, ch 359, § 2; SL 1992, ch 341, § 19; SL 2015, ch 246, § 10.