Any ineligible property or security unlawfully acquired by an insurer shall be disposed of forthwith, and for failure so to do within thirty days after order of the director requiring such disposal, the director may suspend or revoke the insurer's certificate of authority.
S.D. Codified Laws § 58-27-73
Immediate disposal of ineligible property or security unlawfully acquired
Source: SL 1966, ch 111, ch 6, § 32 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.