An insurer that transfers a policyholder to another insurer within the same group of insurers may issue, in lieu of a nonrenewal notice, a notice that contains the following information:

1. (1) The name of the new insurer;
2. (2) The date that the new insurer assumes liability under the policy; and

3. (3) A general statement as to the reason for the change in insurers.

   This section applies to all personal automobile insurance, homeowner insurance, property and casualty insurance as defined in SDCL 58-9-5 to 58-9-33, inclusive.

Source: 27 SDR 9, effective August 10, 2000; 28 SDR 157, effective May 19, 2002.

General Authority: SDCL 58-1-14 , 58-1-15 , 58-11-51 , 58-11-63(7).

Law Implemented: SDCL 58-1-14 , 58-1-15 , 58-11-51.