South Dakota Insurance Company Being Liquidated by State

September 24, 2012

The South Dakota Division of Insurance is liquidating a Watertown company because it is insolvent.

Officials say a circuit court judge approved the liquidation order for Northern Plains Insurance Co., which is described as a company that specializes in offering high-risk auto insurance.

State Insurance Director Merle Scheiber says the liquidation order enables his agency to protect policyholders, including paying any valid claims.

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