South Dakota § 58-29D-6 Termination of written agreement--Suspension of underwriting authority--Dispute.

South Dakota Statutes

§ 58-29D-6 — Termination of written agreement--Suspension of underwriting authority--Dispute.

South Dakota § 58-29D-6

Title 58INSURANCE

Ch. 58-29AREGULATION OF LIFE AND HEALTH ADMINISTRATORS

This text of South Dakota § 58-29D-6 (Termination of written agreement--Suspension of underwriting authority--Dispute.) 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-6 (2026).

Text

The insurer or administrator may, with written notice, terminate the written agreement for cause as provided in the agreement. The insurer may suspend the underwriting authority of the administrator during the pendency of any dispute regarding the cause for termination of the written agreement. The insurer must fulfill any lawful obligations with respect to policies affected by the written agreement, regardless of any dispute between the insurer and the administrator. The insurer must file the notice and the reason for termination with the director within thirty days of such termination.

Free access — add to your briefcase to read the full text and ask questions with AI

The insurer or administrator may, with written notice, terminate the written agreement for cause as provided in the agreement. The insurer may suspend the underwriting authority of the administrator during the pendency of any dispute regarding the cause for termination of the written agreement. The insurer must fulfill any lawful obligations with respect to policies affected by the written agreement, regardless of any dispute between the insurer and the administrator. The insurer must file the notice and the reason for termination with the director within thirty days of such termination.