South Dakota § 58-29A-69 Association deemed insurer to extent of obligations on covered claims.

South Dakota Statutes

§ 58-29A-69 — Association deemed insurer to extent of obligations on covered claims.

South Dakota·Title 58 INSURANCE·Ch. 58-29A INSURANCE GUARANTY ASSOCIATION

The association shall be deemed the insurer to the extent of its obligation on the covered claims and to such extent, subject to the limitations provided in this chapter, shall have all rights, duties, and obligations of the insolvent insurer as if the insurer had not become insolvent, including the right to pursue and retain salvage and subrogation recoverable on paid covered claim obligations. The association may not be deemed the insolvent insurer for any purpose relating to the issue of whether the association is amenable to the personal jurisdiction of the courts of any state.

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The association shall be deemed the insurer to the extent of its obligation on the covered claims and to such extent, subject to the limitations provided in this chapter, shall have all rights, duties, and obligations of the insolvent insurer as if the insurer had not become insolvent, including the right to pursue and retain salvage and subrogation recoverable on paid covered claim obligations. The association may not be deemed the insolvent insurer for any purpose relating to the issue of whether the association is amenable to the personal jurisdiction of the courts of any state.

South Dakota § 58-29A-69 (Association deemed insurer to extent of obligations on covered claims.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.