S.D. High Court Finds Statute Extends Claim Notice To 180 Days After Liquidation

Mealey's (August 26, 2022, 1:10 PM EDT) -- PIERRE, S.D — The South Dakota Supreme Court held Aug. 24 that the state’s liquidation statute gives a state insurance liquidator an additional 180 days from the date of a liquidation order to file a notice of claim, finding that although extending the deadline may provide “coverage that would not otherwise exist,” the “apparent intent” of the statute is to enable “the liquidator to mitigate the adverse consequences of an insurer’s insolvency” by giving more time to submit “claims that would otherwise be time-barred.”...