§ 20:06:30:10

ARSD 20:06:30:10

Letter of intent -- Time allowed for execution of agreement or amendment.

Effective Oct 25, 199522 SDR 52Source: 22 SDR 52, effective October 25, 1995. | General Authority: SDCL 58-14-17. | Law Implemented: SDCL 58-14-17.

A reinsurance agreement or an amendment to a reinsurance agreement must be executed within 90 days after the execution date of a letter of intent for credit to be granted for the reinsurance ceded.

Source: 22 SDR 52, effective October 25, 1995.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.