In targeting a company for an examination not within the five-year examination schedule, the division may use any one of the following criteria in making that determination:
- (1) The company meets any of the hazardous financial condition criteria in § 20:06:23:02;
- (2) The company fails to complete the annual or quarterly statement correctly;
- (3) The company is in violation of any section of Title 58;
- (4) The nature and number of consumer complaints; or
- (5) Another state requests or invites participation in a targeted examination.
Source: 19 SDR 160, effective April 27, 1993.
General Authority: SDCL 58-3-26.
Law Implemented: SDCL 58-3-1 , 58-3-26.