SDCL § 58-14-16.15: Inactive certified reinsurers.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-14. REINSURANCE
A certified reinsurer that ceases to assume new business in this state may request to maintain the certified reinsurer's certification in inactive status in order to continue to qualify for a reduction in security for the certified reinsurer's in-force business. An inactive certified reinsurer shall continue to comply with all applicable requirements of certification, and the director shall assign a rating that takes into account, if relevant, the reasons why the reinsurer is not assuming new business.
Collected 2026-09-03T15:18:57Z. Source file · JSON