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Section 58-5-152 - Required information in reporting material nonrenewal, cancellation, or revision — South Dakota Law | CourtGPT
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South Dakota Legal Code

Section 58-5-152 - Required information in reporting material nonrenewal, cancellation, or revision

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58-5-152. Required information in reporting material nonrenewal, cancellation, or revision.The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:(1)Effective date of the nonrenewal, cancellation, or revision;(2)The description of the transaction with an identification of the initiator thereof;(3)Purpose of, or reason for, the transaction; and(4)If applicable, the identity of the replacement reinsurers. Source: SL 1995, ch 275, §9.