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SD Insurance Company Being Liquidated By State

September 21, 2012, 10:41 AM

WATERTOWN, SD -

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 policy-holders, including paying any valid claims.

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