South Dakota § 58-29B-16 Insurer to comply with director's requirements--Time period--Failure to comply.

South Dakota Statutes

§ 58-29B-16 — Insurer to comply with director's requirements--Time period--Failure to comply.

South Dakota § 58-29B-16

Title 58INSURANCE

Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

This text of South Dakota § 58-29B-16 (Insurer to comply with director's requirements--Time period--Failure to comply.) 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 § 58-29B-16 (2026).

Text

Any insurer subject to an order under §§ 58-29B-13.1 and 58-29B-14 shall comply with the lawful requirements of the director and, if placed under supervision, shall have sixty days from the date the supervision order is served within which to comply with the requirements of the director. In the event of such insurer's failure to comply within the proper time, the director may institute proceedings under § 58-29B-31 or 58-29B-41 to have a rehabilitator or liquidator appointed, or extend the period of supervision.

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Any insurer subject to an order under §§ 58-29B-13.1 and 58-29B-14 shall comply with the lawful requirements of the director and, if placed under supervision, shall have sixty days from the date the supervision order is served within which to comply with the requirements of the director. In the event of such insurer's failure to comply within the proper time, the director may institute proceedings under § 58-29B-31 or 58-29B-41 to have a rehabilitator or liquidator appointed, or extend the period of supervision.