Section 58-5A-69 - Order by director upon violation of standards--Cease and desist--Denial of license. - South Dakota Statutes

58-5A-69. Order by director upon violation of standards--Cease and desist--Denial of license. If an acquisition violates the standards of this chapter, the director may enter an order:
(1) Requiring an involved insurer to cease and desist from doing business in this state with respect to the line or lines of insurance involved in the violation; or
(2) Denying the application of an acquired or acquiring insurer for a license to do business in this state.

Source: SL 1992, ch 341, § 36.