S.D. Codified Laws § 58-5-152

Current through the 2024 Legislative Session

Section 58-5-152 - Required information in reporting material nonrenewal, cancellation, or revision

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.

SDCL 58-5-152

SL 1995, ch 275, § 9.