S.D. Admin. R. 20:06:29:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:29:04 - Format for notice of transfer of insurance

An insurer that transfers a policyholder to another insurer within the same group of insurers may issue, in lieu of a nonrenewal notice, a notice that contains the following information:

(1) The name of the new insurer;

(2) The date that the new insurer assumes liability under the policy; and

(3) A general statement as to the reason for the change in insurers.

This section applies to all personal automobile insurance, homeowner insurance, property and casualty insurance as defined in SDCL 58-9-5 to 58-9-33, inclusive.

S.D. Admin. R. 20:06:29:04

27 SDR 9, effective 8/10/2000; 28 SDR 157, effective 5/19/2002.

General Authority: SDCL 58-1-14, 58-1-15, 58-11-51, 58-11-63(7).

Law Implemented: SDCL 58-1-14, 58-1-15, 58-11-51.