10-44-16. Penalty on unpaid taxes and installments--Refunds.All taxes and installments not paid when due shall be paid together with a penalty assessment on the unpaid balance at the rate of one and one-half percent per month, or fraction thereof. The Division of Insurance may refund any penalty or interest paid in error. Upon written request by a receiver, the director of the Division of Insurance may extend the time for payment of the tax and may waive any penalty assessment. Source: SL 1982, ch 110, §5A; SL 1984, ch 84; SL 1993, ch 97, §3.
South Dakota Legal Code