58-29B-155. Proof of claims of South Dakota residents--Elections--Procedure.
Claims belonging to claimants residing in this state may be proved either in the domiciliary state under the law of that state, or in ancillary proceedings, if any, in this state. If a claimant elects to prove a claim in this state, the claimant shall file the claim with the liquidator in the manner provided in §§58-29B-103 to 58-29B-111, inclusive. The ancillary receiver shall make a recommendation to the court as under §§58-29B-125 and 58-29B-126. The ancillary receiver shall also arrange a date for hearing if necessary under §§58-29B-124 and 58-29B-125 and shall give notice to the receiver, conservator, or liquidator in the domiciliary state, either by registered or certified mail or by personal service at least forty days prior to the date set for hearing. If the domiciliary receiver, conservator, or liquidator, within thirty days after the giving of such notice, gives notice in writing to the ancillary receiver and to the claimant, either by registered or certified mail or by personal service, of the receiver's intention to contest the claim, the receiver is entitled to appear or to be represented in any proceeding in this state involving the adjudication of the claim.
Source: SL 1982, ch 28, §18; SL 1989, ch 436, §155; SL 2008, ch 271, §8.
Structure South Dakota Codified Laws
Chapter 29B - Insurers Supervision, Rehabilitation And Liquidation
Section 58-29B-1 - Citation of chapter.
Section 58-29B-3 - Definition of terms.
Section 58-29B-5 - Commencement of proceedings despite lack of notice to insurer.
Section 58-29B-6 - Grounds for personal jurisdiction.
Section 58-29B-7 - Venue of proceedings.
Section 58-29B-8 - Receiver authorized to grant certain orders.
Section 58-29B-9 - Persons to cooperate in proceedings and preliminary investigations.
Section 58-29B-10 - Obstruction or interference in conduct of proceedings.
Section 58-29B-11 - Failure to cooperate--Obstruction or interference--Penalty.
Section 58-29B-12 - Directors and deputies responsible for official bonds--Source of payment.
Section 58-29B-13 - Proceedings commenced prior to enactment of chapter.
Section 58-29B-13.1 - Service of appropriate orders by director.
Section 58-29B-16 - Insurer to comply with director's requirements--Time period--Failure to comply.
Section 58-29B-17 - Hearings--Notice and procedure.
Section 58-29B-18 - Request for hearing--Request not to stay order.
Section 58-29B-20 - Requests for review of supervisor's actions.
Section 58-29B-21 - Violation of supervision order--Penalty.
Section 58-29B-22 - Application for necessary orders to enforce supervision order.
Section 58-29B-24 - Authority to file petition for seizure order--Grounds.
Section 58-29B-25 - Ex parte issuance of seizure order--Costs.
Section 58-29B-26 - Duration of order--Hearing to extend, shorten or modify--Vacation of order.
Section 58-29B-27 - Entry of order not anticipatory breach of insurer's contracts.
Section 58-29B-28 - Petition for review of order--Procedure.
Section 58-29B-29 - Notice to persons not present at hearing--Effect on previously issued order.
Section 58-29B-30 - Records to remain confidential--Exceptions.
Section 58-29B-31 - Application by director for rehabilitation of insurer--Grounds.
Section 58-29B-32.2 - Promulgation of rules for appointing committees.
Section 58-29B-33 - Authority of rehabilitator to reform and revitalize issuer.
Section 58-29B-34 - Authority to pursue legal remedies on insurer's behalf.
Section 58-29B-38 - Guaranty associations--Standing to appear in rehabilitation proceedings.
Section 58-29B-40 - Termination of rehabilitation--Procedure--Payment of costs.
Section 58-29B-41 - Petition for liquidation--Grounds.
Section 58-29B-43 - Rights and liabilities fixed upon issuance of order.
Section 58-29B-44 - Order to liquidate alien insurer domiciled in state--Effect.
Section 58-29B-45 - Declaration of insurer's insolvency--Procedure.
Section 58-29B-46 - Order of liquidation--Financial reports required--Annual filing.
Section 58-29B-47 - Effect of order upon policies in effect at time of issuance.
Section 58-29B-48 - Order to dissolve corporate existence--Procedure.
Section 58-29B-49 - Powers of liquidator.
Section 58-29B-50 - Enumeration in § 58-29B-49 not exclusive.
Section 58-29B-50.1 - Obligations of liquidator subsequent to entry of liquidation order.
Section 58-29B-51 - Notice of liquidation order.
Section 58-29B-52 - Duties of claimant upon notice of liquidation.
Section 58-29B-53 - Duties of insurance producer upon notice of liquidation.
Section 58-29B-58 - Guaranty associations--Standing to appear in liquidation proceedings.
Section 58-29B-59 - Liquidator to prepare list of insurer's assets--Filing requirements.
Section 58-29B-60 - Reduction of assets to appropriate degree.
Section 58-29B-61.1 - Liability of beneficiary of fraudulent transfer.
Section 58-29B-65 - No impairment of negotiability.
Section 58-29B-66 - "Preference" defined.
Section 58-29B-67 - Preference--Avoidance by liquidator.
Section 58-29B-68 - Preference voidable--Consequences.
Section 58-29B-69 - When transfer of property other than real property deemed made or suffered.
Section 58-29B-70 - When transfer of real property deemed made or suffered.
Section 58-29B-71 - Transfer creating equitable lien--Conditions prohibiting perfection.
Section 58-29B-74 - "Lien by legal or equitable proceedings upon simple contract" defined.
Section 58-29B-75 - Lien by legal or equitable proceedings--Superiority to rights of transferee.
Section 58-29B-77 - Voidable lien dissolved--Indemnifying transfer or lien deemed voidable.
Section 58-29B-80 - Extent of surety discharge under releasing bond or similar obligation.
Section 58-29B-81 - Preferred creditor--Setoff for new credit issued in good faith.
Section 58-29B-83 - Conditions creating personal liability to liquidator for amount of preference.
Section 58-29B-85 - Filing of claims under § 58-29B-84.
Section 58-29B-86 - Mutual debts or credits between insurer and another set off.
Section 58-29B-87 - Setoff or counterclaim not allowed.
Section 58-29B-88 - Liquidator's report to court--Time limit--Content.
Section 58-29B-89 - Court to levy assessments--Amount.
Section 58-29B-90 - Issuance of show cause order upon failure to pay assessment.
Section 58-29B-91 - Notice of show cause order.
Section 58-29B-93 - Enforcement of order or judgment under § 58-29B-92.
Section 58-29B-94 - No reductions in amounts recoverable from reinsurers--Exception--Payments.
Section 58-29B-96 - Course of action upon violation of § 58-29B-95--Director's options.
Section 58-29B-97 - Notice and hearings required before impositions of penalties.
Section 58-29B-98 - Application for approval of proposal to disburse assets.
Section 58-29B-99 - Proposal to disburse assets--Contents.
Section 58-29B-100 - Amounts for disbursements to associations.
Section 58-29B-102 - Notice of application for approval of proposal.
Section 58-29B-103 - Filing proof of claims--Exceptions.
Section 58-29B-106 - Treatment of late claims not covered by § 58-29B-104.
Section 58-29B-107 - Proof of claim--Contents.
Section 58-29B-109 - Liquidator may request or otherwise obtain additional information or evidence.
Section 58-29B-110 - Judgment or order not evidence of liability or quantum of damages.
Section 58-29B-111 - Claims of guaranty associations--Form and content.
Section 58-29B-112 - Third party's claim contingent on judgment against insured--Consideration.
Section 58-29B-113 - Contingent claims allowed.
Section 58-29B-114 - Treatment of claims due except for passage of time.
Section 58-29B-118 - Several claims founded upon one policy--Disposition--Prohibited claims.
Section 58-29B-119 - Liquidator to give written notice of denial of claim--Objections.
Section 58-29B-120 - Hearing upon objections--Notice--Referee may conduct.
Section 58-29B-121 - Creditor's claim secured by "other person"--Subrogation--Right to distribution.
Section 58-29B-122 - Valuation of security held by secured creditor.
Section 58-29B-124 - Priority and order of distribution of claims from insurer's estate.
Section 58-29B-126 - Court approval, disapproval, or modification of report.
Section 58-29B-127 - Distributions by liquidator under court direction--Manner of payment.
Section 58-29B-128 - Disposition of unclaimed funds subject to distribution.
Section 58-29B-129 - Disposition of funds not distributed.
Section 58-29B-130 - Application for discharge.
Section 58-29B-131 - Petition to reopen proceedings for good cause.
Section 58-29B-132 - Recommendation and direction for retention or disposal of insurer's records.
Section 58-29B-133 - Audits of receivership books.
Section 58-29B-134 - Director's application to act as conservator--Grounds.
Section 58-29B-136 - Petition to liquidate assets of foreign or alien insurer.
Section 58-29B-137 - Termination of conservation of insurer.
Section 58-29B-139 - Notice of orders sought under § 58-29B-134 or 58-29B-138.
Section 58-29B-142 - Director's application to act as receiver--Grounds.
Section 58-29B-143 - Payment of resident's claims against foreign or alien insurer.
Section 58-29B-146 - Resident claimants--With whom and when to file.
Section 58-29B-151 - Director may institute proceedings under §§ 58-29B-13 to 58-29B-30.
Section 58-29B-153 - Proof of claims of residents in reciprocal states.
Section 58-29B-154 - Proceeding in reciprocal state against domiciled insurer--Filing.
Section 58-29B-155 - Proof of claims of South Dakota residents--Elections--Procedure.
Section 58-29B-156 - Final allowance by state courts conclusive as to amount and priority.
Section 58-29B-159 - Owners of special deposit claims--Priority--Deficiencies in deposit.
Section 58-29B-160 - Owner of secured claim--Elections.
Section 58-29B-161 - Ancillary receiver's failure to transfer certain assets.