The director of the Division of Insurance shall, after a hearing, suspend or revoke the certificate of authority of a domestic insurer found by him to have violated § 58-5-100 . Source: SL 1966, ch 111 , ch 16, § 28 (5).
Suspension or revocation of certificate of authority for violation by domestic insurer
SDCL § 58-5-103, under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-103