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S.D. Codified Laws § 58-29B-152

Liquidation proceeding against insurer domiciled in state--Claimants residing in foreign countries or states not reciprocal--Filing

Known as the Insurers Supervision, Rehabilitation, and Liquidation Act

The act spans §§ 58–58 (167 sections).

Source: SL 1989, ch 436, § 152.

In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states shall file claims in this state, and claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary liquidator. Claims shall be filed on or before the last date fixed for the filing of claims in the domiciliary liquidation proceeding.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.