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§ 58-32-23 Financial condition of surplus line insurer--Director not required to determine.

SD Codified L § 58-32-23 (2019) (N/A)
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58-32-23. Financial condition of surplus line insurer--Director not required to determine. Subdivision 58-32-22(3) shall not be deemed to place upon the director any duty or responsibility to determine the actual financial condition or claims practices of any unauthorized insurer; and the eligibility of an insurer hereunder shall indicate only that the insurer appears to be sound financially and to have satisfactory claims practices, and that the director has no credible evidence to the contrary.

Source: SL 1966, ch 111, ch 11, § 6 (3).

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§ 58-32-22 Requirements for placing surplus lines insurance.
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§ 58-32-24 Ineligibility of surplus line insurer because of financial condition--Order of director--Grounds.