South Dakota Statutes
§ 58-5-152 — Required information in reporting material nonrenewal, cancellation, or revision.
The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:
(1)Effective date of the nonrenewal, cancellation, or revision;
(2)The description of the transaction with an identification of the initiator thereof;
(3)Purpose of, or reason for, the transaction; and (4) If applicable, the identity of the replacement reinsurers.
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South Dakota § 58-5-152 (Required information in reporting material nonrenewal, cancellation, or revision.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1995, ch 275, § 9.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.