58-29D-6. Termination of written agreement--Suspension of underwriting authority--Dispute.
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/sd/title-58/chapter-58-29/58-29d-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The insurer or administrator may, with written notice, terminate the written agreement for cause as provided in the agreement. The insurer may suspend the underwriting authority of the administrator during the pendency of any dispute regarding the cause for termination of the written agreement. The insurer must fulfill any lawful obligations with respect to policies affected by the written agreement, regardless of any dispute between the insurer and the administrator. The insurer must file the notice and the reason for termination with the director within thirty days of such termination.