South Dakota § 58-33-61 Grounds for cancellation.

South Dakota Statutes

§ 58-33-61 — Grounds for cancellation.

South Dakota § 58-33-61

Title 58INSURANCE

Ch. 58-32UNFAIR TRADE PRACTICES

This text of South Dakota § 58-33-61 (Grounds for cancellation.) 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 § 58-33-61 (2026).

Text

After sixty days from the effective date of policy issuance a notice of cancellation may not be issued unless it is based upon at least one of the following reasons:

(1)Nonpayment of premium;

(2)Discovery of fraud or material misrepresentation made by or with the knowledge of the named insured in obtaining the policy, continuing the policy, or in presenting a claim under the policy;

(3)Discovery of acts or omissions on the part of the named insured which increase any hazard insured against;

(4)The occurrence of a change in the risk which substantially increases any hazard insured against after insurance coverage has been issued;

(5)A violation of any local fire, health, safety, building, or construction regulation or ordinance with respect to any insured property or the

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After sixty days from the effective date of policy issuance a notice of cancellation may not be issued unless it is based upon at least one of the following reasons: (1) Nonpayment of premium; (2) Discovery of fraud or material misrepresentation made by or with the knowledge of the named insured in obtaining the policy, continuing the policy, or in presenting a claim under the policy; (3) Discovery of acts or omissions on the part of the named insured which increase any hazard insured against; (4) The occurrence of a change in the risk which substantially increases any hazard insured against after insurance coverage has been issued; (5) A violation of any local fire, health, safety, building, or construction regulation or ordinance with respect to any insured property or the occupancy thereof which substantially increases any hazard insured against; (6) A determination by the director of the Division of Insurance that the continuation of the policy would jeopardize a company's solvency or would place the insurer in violation of the insurance laws of this state; (7) Violation or breach by the insured of any policy terms or conditions; or (8) Such other reasons as are approved by the director of the Division of Insurance.