Section 58-5-38 - Extinguishment of contingent liability must apply to all members and policies. - South Dakota Statutes

58-5-38. Extinguishment of contingent liability must apply to all members and policies. The director shall not approve the extinguishment of contingent liability pursuant to § 58-5-37 unless it applies to all members and all policies of insurance of such insurer.

Source: SL 1966, ch 111, ch 16, § 31 (2).