58-29D-15. Records of deposits and withdrawals from fiduciary account.
71 words·~1 min read·
/sd/title-58/chapter-58-29/58-29d-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If charges or premiums deposited in a fiduciary account have been collected on behalf of or for one or more insurers, the administrator shall keep records clearly recording the deposits in and withdrawals from the account on behalf of each insurer. The administrator shall keep copies of all the records and, upon request of an insurer, shall furnish the insurer with copies of the records pertaining to such deposits and withdrawals.