A Watertown, S.D., insurance company has been placed into liquidation by state insurance regulators.
A liquidation order issued by the South Dakota Division of Insurance for Northern Plains Insurance Co. was approved on Sept. 18 by Sixth Circuit Court Judge Mark Bennett.
Northern Plains, a high risk auto insurer, is insolvent, according to the liquidation order.
Northern Plains admitted the insolvency and waived service and process notice, the judge noted.
Financial statements submitted by Northern Plains to South Dakota Insurance Director Merle Scheiber showed the company’s
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