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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-29B-159: Owners of special deposit claims--Priority--Deficiencies in deposit.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

The owners of special deposit claims against an insurer for which a liquidator is appointed in this or any other state has priority against the special deposits in accordance with the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit, so that the claims secured by it are not fully discharged from it, the claimants may share in the general assets, but the sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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