58-27-73. Immediate disposal of ineligible property or security unlawfully acquired.
43 words·~1 min read·
/sd/title-58/chapter-58-27/58-27-73·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.