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HB 1281 lengthen the period required for notice of...

State of South Dakota  
SEVENTY-SEVENTH SESSION
LEGISLATIVE ASSEMBLY,  2002
 

292H0658  
HOUSE COMMERCE COMMITTEE ENGROSSED   NO. HB 1281   -   01/31/2002  

        Introduced by: Representative Derby  


         FOR AN ACT ENTITLED, An Act to  lengthen the period required for notice of nonrenewal of certain insurance policies.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 58-1-14 be amended to read as follows:
     58-1-14.   Notice of refusal to renew an insurance policy as defined in § §   58-9-5 to 58-9-33, inclusive, except a policy of homeowner's insurance, is not effective unless mailed or delivered by the insurer to the named insured at least thirty sixty days before the effective renewal date. The policy provisions control if the policy provides for a notice of refusal to renew that exceeds thirty sixty days. This section does not apply to the cancellation and nonrenewal of automobile policies or coverages as defined in §   58-11-45. A notice of nonrenewal is not required if the policyholder is transferred to an insurer that is a member of the same insurance group as the previous insurer and notice of such transfer is given in the form adopted by rule by the Division of Insurance pursuant to chapter 1-26.


350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page.
  .   Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.