South Dakota § 58-14-16.21 Credit for reinsurance during suspension or revocation.

South Dakota Statutes

§ 58-14-16.21 — Credit for reinsurance during suspension or revocation.

South Dakota § 58-14-16.21

Title 58INSURANCE

Ch. 58-13REINSURANCE

This text of South Dakota § 58-14-16.21 (Credit for reinsurance during suspension or revocation.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-14-16.21 (2026).

Text

While a reinsurer's accreditation or certification is suspended, no reinsurance contract issued or renewed after the effective date of the suspension qualifies for credit except to the extent that the reinsurer's obligations under the contract are secured in accordance with § 58-14-16 . If a reinsurer's accreditation or certification is revoked, no credit for reinsurance may be granted after the effective date of the revocation except to the extent the reinsurer's obligations under the contract are secured in accordance with § 58-14-16 or §§ 58-14-16.8 to 58-14-16.13 , inclusive.

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While a reinsurer's accreditation or certification is suspended, no reinsurance contract issued or renewed after the effective date of the suspension qualifies for credit except to the extent that the reinsurer's obligations under the contract are secured in accordance with § 58-14-16 . If a reinsurer's accreditation or certification is revoked, no credit for reinsurance may be granted after the effective date of the revocation except to the extent the reinsurer's obligations under the contract are secured in accordance with § 58-14-16 or §§ 58-14-16.8 to 58-14-16.13 , inclusive.