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Code · South Dakota · Title 58 · Chapter 58-29

58-29B-52. Duties of claimant upon notice of liquidation.

112 words·~1 min read·/sd/title-58/chapter-58-29/58-29b-52·

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Notice to any potential claimant under § 58-29B-51 requires such claimant to file with the liquidator his claims together with proper proofs thereof under §§ 58-29B-106 to 58-29B-110 , inclusive, on or before a date the liquidator shall specify in the notice. The liquidator need not require any person claiming cash surrender values or other investment values in life insurance and annuities to file a claim. All claimants shall keep the liquidator informed of any changes of address. If notice is given in accordance with § 58-29B-51 , the distribution of assets of the insurer under this chapter shall be conclusive with respect to all claimants, whether or not they received notice.
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