S.D. Codified Laws ch. 58-44 – Broker Controlled Property and Casualty Insurance | Midpage

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South Dakota Codified Laws

Chapter 58-44

S.D. Codified Laws ch. 58-44

Broker Controlled Property and Casualty Insurance

58-44-1Definition of terms.58-44-2Application of chapter to licensed insurers--Application of chapter 58-5A.58-44-3Application of chapter based on gross written premium on business placed with controlled insurer.58-44-4Chapter not applicable under certain circumstances.58-44-5Written contract required--Provisions.58-44-6Audit committee of controlled insurer--Annual meeting.58-44-7Annual report of loss ratios and loss reserves.58-44-8Notice from controlling broker to prospective insured--Subbroker.58-44-9Consequences of noncompliance with chapter--Civil action by director.58-44-10Civil action in behalf of insurer for violation while under order for liquidation or rehabilitation.58-44-11Rights of director to impose penalties.58-44-12Rights of third parties.58-44-13Time limit for compliance.58-44-14Disapproval of contract between controlling broker and controlled insurer.58-44-15Promulgation of rules.58-44-16Exception to application of chapter.