South Dakota § 58-29A-98 - Settlements by association binding on successor of insolvent insurer--Priority of claim and expenses.
Full text of South Dakota South Dakota Codified Laws § 58-29A-98 — Settlements by association binding on successor of insolvent insurer--Priority of claim and expenses., with citation guidance and answers to common questions.
§ 58-29A-98. Settlements by association binding on successor of insolvent insurer--Priority of claim and expenses.
The receiver, liquidator, or statutory successor of an insolvent insurer is bound by determinations of covered claim eligibility under this chapter and by settlements of claims made by the association or a similar organization in another state. The court having jurisdiction shall grant such claims priority equal to that which the claimant would have been entitled in the absence of this chapter against the assets of the insolvent insurer. The expenses of the association or similar organization in handling claims shall be accorded the same priority as the liquidator's expenses.
Source: SL 2000, ch 247, § 45.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-29A-98
What does South Dakota Codified Laws § 58-29A-98 cover?
Section 58-29A-98 ("Settlements by association binding on successor of insolvent insurer--Priority of claim and expenses.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-29A-98?
A common citation format is "South Dakota Codified Laws § 58-29A-98" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-29A-98 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.