SDCL § 58-6A-3.11: Notice to director of noncompliance with standards.

If the manager, president, or chief executive officer of the risk retention group becomes aware of any material noncompliance with any standards described in §§ 58-6A-3.1 to 58-6A-3.11, inclusive, the manager, president, or officer shall promptly notify the domestic regulator in writing.