58-14-21. "Reinsurer" defined--Examination of reinsurer.
46 words·~1 min read·
/sd/title-58/chapter-58-14/58-14-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A reinsurer is an insurer that assumes all or part of the insurance or reinsurance written by another insurer and which meets the requirements of this chapter. The director may examine a reinsurer pursuant to chapter 58-3 and costs shall be assessed pursuant to that chapter.