20:06:29:04. Format for notice of transfer of insurance. 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) The name of the new insurer;
(2) The date that the new insurer assumes liability under the policy; and
(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.
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