Section 58-5A-13 - Statements and notices mailed to shareholders--Expenses of mailing--Security required. - South Dakota Statutes

58-5A-13. Statements and notices mailed to shareholders--Expenses of mailing--Security required. All statements, amendments, or other material filed pursuant to §§ 58-5A-3 to 58-5A-7, inclusive, and all notices of public hearings held pursuant to §§ 58-5A-9 to 58-5A-12, inclusive, shall be mailed by the insurer to its shareholders within five business days after the insurer has received such statements, amendments, other material, or notices. The expenses of mailing shall be borne by the person making the filing. As security for the payment of such expenses, such person shall file with the director an acceptable bond or other deposit in an amount to be determined by the director.

Source: SL 1972, ch 267, § 10.