If any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the director may, suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state.
S.D. Codified Laws § 58-5A-67
Suspension, revocation, or refusal to renew license for violation
Applied in 2 court decisions — leading case McElgunn v. Cuna Mutual Insurance Society (2010)
Most recently applied in 700 F. Supp. 2d 1141 - McELGUNN v. CUNA MUT. INS. SOC. (March 2010)
Source: SL 1992, ch 341, § 34.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.