Extinguishment of contingent liability must apply to all members and policies.

1. Law
2. South Dakota Codified Laws
3. Insurance
4. Organization And General Powers Of Insurers
5. Extinguishment of contingent liability must apply to all members and policies.

58-5-38. Extinguishment of contingent liability must apply to all members and policies.

The director shall not approve the extinguishment of contingent liability pursuant to §58-5-37 unless it applies to all members and all policies of insurance of such insurer.

Source: SL 1966, ch 111, ch 16, §31 (2).

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