58-5-38. Extinguishment of contingent liability must apply to all members and policies.
28 words·~1 min read·
/sd/title-58/chapter-58-5/58-5-38·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director shall not approve the extinguishment of contingent liability pursuant to § 58-5-37 unless it applies to all members and all policies of insurance of such insurer.