South Dakota § 58-5-152 Required information in reporting material nonrenewal, cancellation, or revision.

South Dakota Statutes

§ 58-5-152 — Required information in reporting material nonrenewal, cancellation, or revision.

South Dakota § 58-5-152

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-152 (Required information in reporting material nonrenewal, cancellation, or revision.) 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 § 58-5-152 (2026).

Text

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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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.