ARSD 20:06:36:16

ARSD 20:06:36:16. Regulatory action level event -- Hiring of consultants by director

Last amended: 2014Year: 2026Length: 83 wordsOfficial source

Cite as S.D. Admin. R. 20:06:36:16

The director may retain actuaries and investment experts and other consultants necessary in the judgment of the director to review the insurer's or health organization's RBC plan or revised RBC plan; examine or analyze the assets, liabilities, and operations of the insurer or health organization; and formulate the corrective order for the insurer or health organization. The fees, costs, and expenses relating to consultants must be borne by the affected insurer or health organization or any other party as directed by the director.
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