{"data":{"id":"us-sd/sdcl-58-29b-41","jurisdiction":"us-sd","citation":"SDCL § 58-29B-41","heading":"Petition for liquidation--Grounds.","body":"The director may petition the court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state based on the following:\n(1) Any ground for an order of rehabilitation as specified in § 58-29B-31, whether or not there has been a prior order directing the rehabilitation of the insurer;\n(2) The insurer is insolvent; or\n(3) The insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public.","path":["TITLE 58. INSURANCE","CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29B-41","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"b143778ef331a91209376d7e1bd9f998dcf80250651cea26ef092f56654c337e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29b-40","next":"us-sd/sdcl-58-29b-42"},"notice":"GroundRules: Original legal text. Not legal advice."}