South Dakota § 58-29B-23 - Violation of valid orders--Personal liability for losses suffered by insurer--Commencement of action.
Full text of South Dakota South Dakota Codified Laws § 58-29B-23 — Violation of valid orders--Personal liability for losses suffered by insurer--Commencement of action., with citation guidance and answers to common questions.
§ 58-29B-23. Violation of valid orders--Personal liability for losses suffered by insurer--Commencement of action.
In the event that any person, subject to the provisions of this chapter, including those persons described in § 58-29B-9 shall knowingly violate any valid order of the director issued under §§ 58-29B-13.1 to 58-29B-23, inclusive, and, as a result of such violation, the net worth of the insurer shall be reduced or the insurer shall suffer loss it would not otherwise have suffered, that person shall be personally liable to the insurer for the amount of any such reduction or loss. The director or supervisor may bring an action on behalf of the insurer in the circuit court of Hughes County to recover the amount of the reduction or loss together with any costs.
Source: SL 1989, ch 436, § 23.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-29B-23
What does South Dakota Codified Laws § 58-29B-23 cover?
Section 58-29B-23 ("Violation of valid orders--Personal liability for losses suffered by insurer--Commencement of action.") 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 § 58-29B-23?
A common citation format is "South Dakota Codified Laws § 58-29B-23" (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 § 58-29B-23 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.