S.D. Admin. R. 20:06:30:11

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

Section 20:06:30:11 - Reinsurance agreement - Required provisions

The reinsurance agreement must contain the following provisions:

(1) That the agreement constitutes the entire agreement between the parties regarding the business being reinsured and there are no understandings between the parties other than those expressed in the agreement; and

(2) That any change or modification to the agreement is void unless it is made by amendment to the agreement and signed by both parties.

S.D. Admin. R. 20:06:30:11

22 SDR 52, effective 10/25/1995.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.