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South Dakota Codified Laws
Title 58
Chapter 58-34
S.D. Codified Laws ch. 58-34
Reciprocal Insurers
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58-34-1
"Reciprocal" insurance defined.
58-34-2
"Reciprocal insurer" defined.
58-34-3
"Attorney" defined.
58-34-4
Application of chapter to foreign reciprocal insurers.
58-34-5
Compliance required of existing insurers.
58-34-6
Organization of insurer--Number of persons required.
58-34-7
Application for certificate of authority--Execution and filing--Contents.
58-34-8
Bond of attorney in fact--Filing with and approval by director.
58-34-9
Amount and conditions of bond.
58-34-10
Advance notice of cancellation of bond.
58-34-11
Deposit in lieu of bond.
58-34-12
Action on bond or to recover against deposit.
58-34-13
Business name of insurer--Use in suits by and against.
58-34-14
Surplus funds of domestic reciprocal insurer--Amounts required.
58-34-15
Additional expendable surplus required of new insurer.
58-34-16
Additional kinds of insurance transacted--Minimum amount of surplus funds.
58-34-17
Surplus funds of existing insurers--Laws governing.
58-34-18
Issuance of certificate of authority.
58-34-19
Refusal, suspension, or revocation of certificate of authority--Grounds.
58-34-20
Rights and powers of attorney provided by subscribers' agreement.
58-34-21
Power of attorney--Form and contents.
58-34-22
Power of attorney--Terms--Approval by director.
58-34-23
Service of legal process upon domestic insurer.
58-34-24
Liability of subscribers for judgment against insurer--Service of legal process.
58-34-25
Eligibility to become subscriber.
58-34-26
Authority of corporation to exchange insurance contracts.
58-34-27
Representatives of subscribers not liable on contract.
58-34-28
Advisory committee representing subscribers--Selection.
58-34-29
Advisory committee--Qualifications of members.
58-34-30
Powers of advisory committee.
58-34-31
Modification of subscribers' agreement or power of attorney.
58-34-32
Kinds of business transacted--Life or title insurance excepted.
58-34-33
Reinsurance authorized.
58-34-34
Advance of funds to insurer.
58-34-35
Liability of subscribers several and proportionate.
58-34-36
Contingent assessment liability of subscriber.
58-34-37
Contingent liability stated in assessable policy.
58-34-38
Assessments against subscribers--Authority for levy.
58-34-39
Computation of amounts of assessments--Ratio of deficiency to premiums earned.
58-34-40
Earned premiums, computation for purpose of assessments.
58-34-41
Offset of claim for unearned premium against assessment prohibited.
58-34-42
Time limit for levy of assessment.
58-34-43
Aggregate liability of subscriber--Maximum in one year.
58-34-44
Subscriber not liable until final judgment against insurer.
58-34-45
Limited liability of subscriber on judgment.
58-34-46
Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability.
58-34-47
Extinguishment of contingent liability of all subscribers required for authorization of nonassessable policies.
58-34-48
Impairment of surplus required for nonassessable policies--Revocation of extinguishment authority.
58-34-49
Savings--Distribution to subscribers.
58-34-50
Liquidation--Distribution of remaining assets to subscribers.
58-34-51
Annual statement of insurer--Filing.
58-34-52
Annual statement--Supplemental information required by director.
58-34-53
Determination of financial condition--Rules applied by director.
58-34-54
Premium deposits as assets.
58-34-55
Surplus deposits--Allowance as assets.
58-34-56
Uncollected assessments not allowed as assets.
58-34-57
Contingent liability of subscribers not allowed as asset.
58-34-58
Reserves charged as liabilities.
58-34-59
Computation of reserves.
58-34-60
Surplus deposits of subscribers not a liability.
58-34-61
Merger or conversion prohibited.
58-34-62
Impairment of surplus--Deficiency to be made up.
58-34-63
Failure to make up deficiency--Insurer deemed insolvent.
58-34-64
Liquidation of insurer ordered--Levy of assessment against subscribers.