South Dakota § 58-29D-11 Transfer of records to new administrator.

South Dakota Statutes

§ 58-29D-11 — Transfer of records to new administrator.

South Dakota § 58-29D-11

Title 58INSURANCE

Ch. 58-29AREGULATION OF LIFE AND HEALTH ADMINISTRATORS

This text of South Dakota § 58-29D-11 (Transfer of records to new administrator.) 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 § 58-29D-11 (2026).

Text

In the event the insurer and the administrator cancel their agreement, notwithstanding the provisions of § 58-29D-8 , the administrator may, by written agreement with the insurer, transfer all records to a new administrator rather than retain them for five years. In such cases, the new administrator shall acknowledge, in writing, that it is responsible for retaining the records for the prior administrator as required in § 58-29D-8 .

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In the event the insurer and the administrator cancel their agreement, notwithstanding the provisions of § 58-29D-8 , the administrator may, by written agreement with the insurer, transfer all records to a new administrator rather than retain them for five years. In such cases, the new administrator shall acknowledge, in writing, that it is responsible for retaining the records for the prior administrator as required in § 58-29D-8 .