™Your Policy Risk Impact Agent
79 chapters · 3,426 sections in this title.
SDCL § 58-6-55 Reinstatement of authority of insurance producers--Notice to insurer and insurance producers
0.6K chars
Upon reinstatement of the insurer's certificate of authority, the authority of its insurance producers in this state to represent the insurer shall likewise reinstate. The director shall promptly notify by registered or certified mail the insurer and its insurance producers in th…
SDCL § 58-6-56 Suspension, revocation, or refusal to renew certificate because of deficiency of assets or impairment of capital or surplus--Cessation of business in state
1.0K chars
Upon suspension, revocation, or refusal to renew the certificate of authority of an insurer on account of deficiency of assets, if a foreign insurer, or failure to cure an impairment of the capital of a domestic stock insurer, or surplus of a reciprocal or domestic mutual insurer…
SDCL § 58-6-57 Failure to notify or continuation of business after notice as felony
0.4K chars
Each individual made responsible for the notification under § 58-6-56 , who fails so to notify, and every person so authorized who, after being so notified or otherwise being informed as to such impairment or suspension, revocation, or refusal, solicits or writes further business…
SDCL § 58-6-58 Impairment of assets, capital, or surplus--Suspension, revocation, or refusal to renew certificate of authority--Rehabilitator or receiver of insurer not required to notify agents
0.3K chars
Sections 58-6-56 and 58-6-57 do not apply to any person who has been appointed as and is acting as rehabilitator or receiver of the insurer in judicial proceedings in a court of the United States or of the State of South Dakota. Source: SL 1966, ch 111 , ch 3, § 22 (3).
