South Dakota Codified Laws 58-6A-12. Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired
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A risk retention group not chartered in this state and doing business in this state shall comply with a lawful order issued in a voluntary dissolution proceeding or in a delinquency proceeding commenced by a state insurance director if there has been a finding of financial impairment after an examination under this chapter.
Terms Used In South Dakota Codified Laws 58-6A-12
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1987, ch 372, § 12.