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§ 58-5-152 Required information in reporting material nonrenewal, cancellation, or revision.

SD Codified L § 58-5-152 (2019) (N/A)
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58-5-152. Required information in reporting material nonrenewal, cancellation, or revision. The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:

(1) Effective date of the nonrenewal, cancellation, or revision;

(2) The description of the transaction with an identification of the initiator thereof;

(3) Purpose of, or reason for, the transaction; and

(4) If applicable, the identity of the replacement reinsurers.Source: SL 1995, ch 275, § 9.

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§ 58-5-151 Reporting material nonrenewal, cancellation or revision.
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§ 58-5-153 Determining whether to report material nonrenewals, cancellations, or revisions on a nonconsolidated or consolidated basis.