SDCL § 58-5-152: Required information in reporting material nonrenewal, cancellation, or revision.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS
The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:
(1) Effective date of the nonrenewal, cancellation, or revision;
(2) The description of the transaction with an identification of the initiator thereof;
(3) Purpose of, or reason for, the transaction; and
(4) If applicable, the identity of the replacement reinsurers.
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