58-29B-52. Duties of claimant upon notice of liquidation.Notice to any potential claimant under §58-29B-51 requires such claimant to file with the liquidator his claims together with proper proofs thereof under §§58-29B-106 to 58-29B-110, inclusive, on or before a date the liquidator shall specify in the notice. The liquidator need not require any person claiming cash surrender values or other investment values in life insurance and annuities to file a claim. All claimants shall keep the liquidator informed of any changes of address. If notice is given in accordance with §58-29B-51, the distribution of assets of the insurer under this chapter shall be conclusive with respect to all claimants, whether or not they received notice. Source: SL 1989, ch 436, §52.
South Dakota Legal Code