58-29A-64. Insolvency or hazardous condition reported to board of directors.The director shall report to the board of directors when the director has reasonable cause to believe that any member insurer examined or being examined at the request of the board of directors may be insolvent or in a financial condition hazardous to the policyholders or the public. Source: SL 2000, ch 247, §11.
South Dakota Legal Code