South Dakota Codified Laws 58-20-33. Involuntary termination of membership in self-insurance association
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A member may be involuntarily terminated as a member of the association if the department finds, after due notice and hearing, that the member:
(1) Has failed to pay any contribution or assessment due to the association;
Terms Used In South Dakota Codified Laws 58-20-33
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) Has failed to comply with §§ 58-20-25 to 58-20-40, inclusive, or the rules promulgated pursuant to §§ 58-20-25 to 58-20-40, inclusive; or
(3) Has failed to comply with the bylaws, loss control policies or discharge any other obligation it owes to the association.
A hearing may be initiated by the department on its own initiative or upon the request of the association’s board of directors.
Source: SL 1995, ch 282, § 9.