58-5A-88. One year period to comply with requirements following loss of qualification for exemption.If an insurer that qualifies for an exemption subsequently no longer qualifies for that exemption due to changes in premium as reflected in the insurer's most recent annual statement or in the most recent annual statements of the insurers within the insurance group of which the insurer is a member, the insurer shall have one year following the year the threshold is exceeded to comply with the requirements of §§58-5A-81 to 58-5A-93, inclusive. Source: SL 2017, ch 210, §9.
South Dakota Legal Code