S.D. Codified Laws § 58-5A-49. Action by director when acquisition lessens competition–Promulgation of rules establishing competitive standards: Insurance Holding Companies – South Dakota

Status: Enacted
Year Enacted: 1992
File: Download

The director may enter an order with respect to an acquisition if there is substantial evidence that the effect of the acquisition lessens competition in any line of insurance in this state to the detriment of consumers or tends to create a monopoly or if the insurer fails to file adequate information in compliance with § 58-5A-48

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