A certified reinsurer shall secure obligations assumed from United States ceding insurers under §§ 58-14-16.9 to 58-14-16.13, inclusive, at a level consistent with the certified reinsurer's rating. The director may promulgate rules, pursuant to chapter 1-26, to establish standards under §§ 58-14-16.9 to 58-14-16.13, inclusive.
S.D. Codified Laws § 58-14-16.8
Obligations assumed from United States ceding insurers to be secured consistent with rating
Source: SL 2017, ch 211, § 19.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.