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§ 58-29B-88 Liquidator's report to court--Time limit--Content.

SD Codified L § 58-29B-88 (2019) (N/A)
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58-29B-88. Liquidator's report to court--Time limit--Content. As soon as practicable, but not more than two years from the date of an order of liquidation under §§ 58-29B-41 to 58-29B-45, inclusive, of an insurer issuing assessable policies, the liquidator shall make a report to the court setting forth:

(1) The reasonable value of the assets of the insurer;

(2) The insurer's probable total liabilities;

(3) The probable aggregate amount of the assessment necessary to pay all claims of creditors and expenses in full, including expenses of administration and costs of collecting the assessment; and

(4) A recommendation as to whether or not an assessment should be made and in what amount.Source: SL 1989, ch 436, § 88.

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