58-5A-58. Considerations in decision to approve or disapprove transactions.
45 words·~1 min read·
/sd/title-58/chapter-58-5/58-5a-58·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director in making the decision to approve or disapprove the transactions in §§ 58-5A-56 and 58-5A-57 shall consider whether the transactions comply with the standards set forth in § 58-5A-32 and whether they may adversely affect the interests of policyholders or of the insurer.