S.D. Codified Laws § 58-1-15
This is the official text of S.D. Codified Laws § 58-1-15, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Homeowner's insurance policy defined--Notice of nonrenewal to policyholder required--Timing of notice--Exception
Official statutory text
Notice of refusal to renew, as provided in § 58-1-14 , does not apply to a homeowner's insurance policy which shall for the purposes of § 58-1-14 mean a policy normally written by the insurer as a standard homeowner's package policy or as a standard residential renter's package policy or homeowner's multiple peril policy. However, notice of refusal to renew a homeowner's insurance policy is not effective unless mailed or delivered by the insurer to the named insured at least thirty days before the effective renewal date. 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.
Source: SL 1986, ch 414, § 4; SL 2001, ch 264, § 2.
Source: SL 1986, ch 414, § 4; SL 2001, ch 264, § 2.
Status: in_force · Read it on the official government site
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