The insurer shall forthwith dispose of any ineligible investment unlawfully acquired by it, and the director may suspend or revoke the insurer's certificate of authority if the insurer fails to dispose of the investment within such reasonable time as the director may, by his order, specify.
S.D. Codified Laws § 58-27-77
Immediate disposal of ineligible investment unlawfully acquired
Source: SL 1966, ch 111, ch 6, § 33 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.