S.D. Codified Laws § 58-46-9 (2026)
No captive insurance company may pay a dividend out of, or other distribution with respect to, capital or surplus, in excess of the limitations set forth in § 58-5A-35, without the prior approval of the director.
Source: SL 1996, ch 287 , § 9; SL 2009, ch 272 , § 5; SL 2013, ch 257 , § 8.