South Dakota Codified Laws 58-29B-88. Liquidator’s report to court–Time limit–Content
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As soon as practicable, but not more than two years from the date of an order of liquidation under §§ 58-29B-41 to 58-29B-45, inclusive, of an insurer issuing assessable policies, the liquidator shall make a report to the court setting forth:
(1) The reasonable value of the assets of the insurer;
Terms Used In South Dakota Codified Laws 58-29B-88
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(2) The insurer’s probable total liabilities;
(3) The probable aggregate amount of the assessment necessary to pay all claims of creditors and expenses in full, including expenses of administration and costs of collecting the assessment; and
(4) A recommendation as to whether or not an assessment should be made and in what amount.
Source: SL 1989, ch 436, § 88.