Section 58-27-73 - Immediate disposal of ineligible property or security unlawfully acquired. - South Dakota Statutes

58-27-73. Immediate disposal of ineligible property or security unlawfully acquired. Any ineligible property or security unlawfully acquired by an insurer shall be disposed of forthwith, and for failure so to do within thirty days after order of the director requiring such disposal, the director may suspend or revoke the insurer's certificate of authority.

Source: SL 1966, ch 111, ch 6, § 32 (3).