{"data":{"id":"us-sd/sdcl-58-14-16.20","jurisdiction":"us-sd","citation":"SDCL § 58-14-16.20","heading":"Suspension or revocation of reinsurer' s accreditation or certification.","body":"If an accredited or certified reinsurer ceases to meet the requirements for accreditation or certification, the director may suspend or revoke the reinsurer' s accreditation or certification. The director shall give the reinsurer notice and opportunity for hearing. The suspension or revocation may not take effect until after the director's order on hearing, unless:\n(1) The reinsurer waives the reinsurer's right to hearing;\n(2) The director's order is based on regulatory action by the reinsurer's domiciliary jurisdiction or the volunteer surrender or termination of the reinsurer' s eligibility to transact insurance or reinsurance business in the reinsurer's domiciliary jurisdiction or in the primary certifying state of the reinsurer under § 58-14-16.14; or\n(3) The director finds that an emergency requires immediate action and a court of competent jurisdiction has not stayed the director's action.","path":["TITLE 58. INSURANCE","CHAPTER 58-14. REINSURANCE"],"source_url":"https://sdlegislature.gov/Statutes/58-14-16.20","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"3ba0dac33bacbc99f35e7a3e47cff2bd9028bce539719588a8ec970c78545420","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-14-16.19","next":"us-sd/sdcl-58-14-16.21"},"notice":"GroundRules: Original legal text. Not legal advice."}