Judge Certifies Question Over Insurance Liquidation Statute To S.D. High Court

Mealey's (June 2, 2021, 10:18 AM EDT) -- SIOUX FALLS, S.D. — A federal judge in South Dakota on June 1 certified a question to the South Dakota Supreme Court involving the state’s insurance liquidation statute in a lawsuit brought by the liquidator of ReliaMax Surety Co. (RSC) seeking a declaration that coverage exists under a claims-made excess insurance policy above a directors and officers (D&O) policy with regard to a $21 million wrongful acts claim....