20:06:29:04Format for notice of transfer of insurance.

An insurer that transfers a policyholder to another insurer within the same group of insurers may issue, in lieu of a nonrenewal notice, a notice that contains the following information: (1) The name of the new insurer; (2) The date that the new insurer assumes liability under the policy; and (3) A general statement as to the reason for the change in insurers. This section applies to all personal automobile insurance, homeowner insurance, property and casualty insurance as defined in SDCL 58-9-5 to 58-9-33, inclusive.

Source: 27 SDR 9, effective August 10, 2000; 28 SDR 157, effective May 19, 2002.