South Dakota § 58-5A-51 Plan for limiting anticompetitive impact of acquisition--Time limit.

South Dakota Statutes

§ 58-5A-51 — Plan for limiting anticompetitive impact of acquisition--Time limit.

South Dakota § 58-5A-51

Title 58INSURANCE

Ch. 58-4AINSURANCE HOLDING COMPANIES

This text of South Dakota § 58-5A-51 (Plan for limiting anticompetitive impact of acquisition--Time limit.) 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 § 58-5A-51 (2026).

Text

An order entered pursuant to §§ 58-5A-49 , 58-5A-50 , and 58-5A-69 may not become final earlier than thirty days after it is issued, during which time the insurer may submit a plan or notification of submission of a plan to remedy the anticompetitive impact of the acquisition. The director may allow the insurer up to ninety days to complete the submission of the plan. Based upon the plan or other information, the director shall specify the conditions, if any, under the time period during which the aspects of the acquisition causing a violation of the standards of this section would be remedied and the order vacated or modified. An order pursuant to this section does not apply if the acquisition is not consummated.

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An order entered pursuant to §§ 58-5A-49 , 58-5A-50 , and 58-5A-69 may not become final earlier than thirty days after it is issued, during which time the insurer may submit a plan or notification of submission of a plan to remedy the anticompetitive impact of the acquisition. The director may allow the insurer up to ninety days to complete the submission of the plan. Based upon the plan or other information, the director shall specify the conditions, if any, under the time period during which the aspects of the acquisition causing a violation of the standards of this section would be remedied and the order vacated or modified. An order pursuant to this section does not apply if the acquisition is not consummated.