The director shall not approve the extinguishment of contingent liability pursuant to § 58-5-37 unless it applies to all members and all policies of insurance of such insurer.
S.D. Codified Laws § 58-5-38
Extinguishment of contingent liability must apply to all members and policies
Source: SL 1966, ch 111, ch 16, § 31 (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.