A circuit court judge on Wednesday approved a petition to place a Sioux Falls company that insures and services student loans into liquidation.
ReliaMax Surety Co. will have all remaining assets liquidated by the South Dakota Division of Insurance, which filed the petition in Hughes County Circuit Court on June 12. Dawn Dovre, a spokeswoman for the division, said the state moved to liquidate ReliaMax because the company is insolvent.
The order allows the Division of Insurance to take possession of the companys property and conduct business in the interim while winding down its affairs.
The next step of the proc…
Read the full article at: https://www.argusleader.com/story/news/2018/06/27/south-dakota-officials-move-liquidate-sioux-falls-based-reliamax/739878002/
