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§ 58-29b-88 — South Dakota Law | CourtGPT
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  6. § 58-29b-88
South Dakota Legal Code

§ 58-29b-88

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58-29B-88. Liquidator's report to court--Time limit--Content.As soon as practicable, but not more than two years from the date of an order of liquidation under §§58-29B-41 to 58-29B-45, inclusive, of an insurer issuing assessable policies, the liquidator shall make a report to the court setting forth:(1)The reasonable value of the assets of the insurer;(2)The insurer's probable total liabilities;(3)The probable aggregate amount of the assessment necessary to pay all claims of creditors and expenses in full, including expenses of administration and costs of collecting the assessment; and(4)A recommendation as to whether or not an assessment should be made and in what amount. Source: SL 1989, ch 436, §88.