South Dakota § 58-5A-99 Insurer disclosure of certain confidential information permitted--Response to false or inappropriate statements.

South Dakota Statutes

§ 58-5A-99 — Insurer disclosure of certain confidential information permitted--Response to false or inappropriate statements.

South Dakota·Title 58 INSURANCE·Ch. 58-4A INSURANCE HOLDING COMPANIES

If information is released in contradiction of § 58-5A-98 , an insurer may publish an announcement in a written publication if the sole purpose of the announcement is to rebut any materially false statement with respect to the group capital calculation or any resulting group capital ratio, an inappropriate comparison of any amount to an insurer’s or insurance group’s group capital calculation or resulting group capital ratio, liquidity stress test result, supporting disclosures for the liquidity stress test, or an inappropriate comparison of any amount to an insurer’s or insurance group’s liquidity stress test result or supporting disclosures is published in any written publication and the insurer is able to demonstrate to the director with substantial proof the falsity of such statement o

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If information is released in contradiction of § 58-5A-98 , an insurer may publish an announcement in a written publication if the sole purpose of the announcement is to rebut any materially false statement with respect to the group capital calculation or any resulting group capital ratio, an inappropriate comparison of any amount to an insurer’s or insurance group’s group capital calculation or resulting group capital ratio, liquidity stress test result, supporting disclosures for the liquidity stress test, or an inappropriate comparison of any amount to an insurer’s or insurance group’s liquidity stress test result or supporting disclosures is published in any written publication and the insurer is able to demonstrate to the director with substantial proof the falsity of such statement or the inappropriateness, as the case may be.

South Dakota § 58-5A-99 (Insurer disclosure of certain confidential information permitted--Response to false or inappropriate statements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.