LegalFix
Sign In

§ 58-29A-69 Association deemed insurer to extent of obligations on covered claims.

SD Codified L § 58-29A-69 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

58-29A-69. Association deemed insurer to extent of obligations on covered claims. The association shall be deemed the insurer to the extent of its obligation on the covered claims and to such extent, subject to the limitations provided in this chapter, shall have all rights, duties, and obligations of the insolvent insurer as if the insurer had not become insolvent, including the right to pursue and retain salvage and subrogation recoverable on paid covered claim obligations. The association may not be deemed the insolvent insurer for any purpose relating to the issue of whether the association is amenable to the personal jurisdiction of the courts of any state.

Source: SL 2000, ch 247, § 16.

Previous Section
§ 58-29A-68 Obligation of association on claims against insolvent insurer--Deductible and maximum amounts.
Next Section
§ 58-29A-70 Investigation, adjustment, and payment or denial of claims--Review of previous settlements, releases, and judgments.