S.D. Admin. R. 20:06:36:16

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:36:16 - Regulatory action level event - Hiring of consultants by director

The director may retain actuaries and investment experts and other consultants necessary in the judgment of the director to review the insurer's or health organization's RBC plan or revised RBC plan; examine or analyze the assets, liabilities, and operations of the insurer or health organization; and formulate the corrective order for the insurer or health organization. The fees, costs, and expenses relating to consultants must be borne by the affected insurer or health organization or any other party as directed by the director.

S.D. Admin. R. 20:06:36:16

23 SDR 228, effective 7/3/1997; 41 SDR 93, effective 12/3/2014.

General Authority: SDCL 58-4-48.

Law Implemented: SDCL 58-4-48.