Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired.

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Risk Retention Groups
  5. Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired.

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58-6A-12. Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired.

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.

Source: SL 1987, ch 372, §12.


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