58-29B-116. Third party claim against insured of insurer in liquidation filed with liquidator--Insured's filing--Late filing.
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/sd/title-58/chapter-58-29/58-29b-116·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any third party asserts a cause of action against an insured of an insurer in liquidation, the third party may file a claim with the liquidator. Whether or not the third party files a claim, the insured may file a claim on his own behalf in the liquidation. If the insured fails to file a claim by the date for filing claims specified in the order of liquidation or within sixty days after mailing of the notice required by §§ 58-29B-51 and 58-29B-52 , whichever is later, he is an unexcused late filer.