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South Dakota Codified Laws
Title 58
Chapter 58-6
S.D. Codified Laws ch. 58-6
Authority to Transact Insurance in State
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58-6-1
Certificate of authority required for transaction of insurance business--Exceptions--Violation as misdemeanor.
58-6-2
Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited--Misdemeanor.
58-6-3
Preemption of field of insurance regulation by state--Licensing by political subdivisions prohibited.
58-6-4
Activities excepted from certificate of authority requirements.
58-6-5
Foreign insurer--Investments in state without a certificate of authority.
58-6-6
Eligibility of insurer for certificate of authority.
58-6-7
Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves.
58-6-8
Denial of authority to engage in business when contrary to public interest--Denial when managed by unqualified personnel--Affiliates.
58-6-9
Continuance of authorization of prior authorized mutual and stock insurers--Participating policyholders--Quorum--Proxies--Issuance of nonvoting participating policies.
58-6-10
Governmentally owned insurers prohibited--Exceptions.
58-6-11
Readmission to state as an authorized insurer--Requirements--Payment of back premium taxes.
58-6-12
Unauthorized insurers--Application of insurer violating insurance laws for authority to transact insurance in state--Payment of back premium taxes.
58-6-13
Foreign insurance companies--Compliance with requirements for admissions to do business in state--Waiver.
58-6-14
Use of deceptively similar name prohibited.
58-6-15
Use of deceptively similar name by life insurer prohibited for ten years.
58-6-16
Use of name deceptively similar to name of foreign insurer prohibited.
58-6-17
Name tending to deceive or mislead as to type of organization of insurer prohibited.
58-6-18
Prevention of confusing similarity of names by director.
58-6-19
Combination of insuring power of one insurer--Exception.
58-6-20
Life insurer--Kinds of business authorized, exception.
58-6-21
Reciprocal insurer--Transaction of life or title insurance prohibited.
58-6-22
Title insurer--Transaction of other insurance prohibited.
58-6-23
Paid-in capital and surplus requirements for certificate of authority.
58-6-24
Determination of capital and surplus requirements for certificate of authority.
58-6-25
Additional types of insurance--Request for authority to transact within three years after issuance of initial certificate--Basic surplus or additional surplus required.
58-6-26
Surplus to qualify to transact one or more kinds of insurance by domestic mutual and reciprocal insurers--Laws governing.
58-6-27
Continuation of authority of insurer holding prior certificate--Maintenance of capital stock or surplus requirements.
58-6-28
Additional kinds of insurance authorized for insurer holding prior certificate--Capital and surplus requirements.
58-6-29
Annuities--Granting by life insurer without additional capital or surplus.
58-6-30
Health insurer issuing insurance against congenital defects without additional capital or surplus.
58-6-31
Casualty insurer transacting health insurance without additional capital or surplus.
58-6-32
Property insurer including additional kinds of insurance without additional capital or surplus.
58-6-33
Deposit by all insurers--Exceptions.
58-6-34
Deposits through director--Purpose--Amounts required--Deposits in other states in lieu of deposit with director.
58-6-35
Deposits of foreign or alien insurers in another state--Quality of cash or securities.
58-6-36
Deposit of title insurer--Amount required.
58-6-37
Deposit of title insurer as guaranty fund--Purpose.
58-6-38
Application for initial certificate of authority--Documents accompanying.
58-6-39
Service of process through director.
58-6-40
Time for approval or disapproval of original certificate--Extension--Failure to disapprove deemed approval.
58-6-41
Kinds of insurance specified in certificate--Limitations within class.
58-6-42
Annual reissuance of certificate not required--Annual renewal fee--Expiration of certificate.
58-6-43
Foreign insurer exempt from foreign corporation laws.
58-6-44
Refusal to renew or suspension or revocation of certificate, grounds.
58-6-45
Hearing required on refusal to issue, suspension or revocation of certificate.
58-6-46
Grounds for refusal to renew, suspension, or revocation of certificate.
58-6-47
Suspension or revocation of certificate after hearing, grounds.
58-6-48
Suspension of certificate on commencement of delinquency proceedings.
58-6-49
Order of suspension, revocation, or refusal to renew certificate--Replacement of policies.
58-6-50
Notice to insurance producers of suspension, revocation, or refusal to renew certificate--Insurance Producers' authority.
58-6-51
Publication of notice of suspension, revocation, or refusal to renew certificate of authority.
58-6-52
Duration of suspension of certificate of authority--Rescission or shortening.
58-6-53
Rights and obligations of insurer during suspension.
58-6-54
Reinstatement of certificate of authority which has not terminated where cause for suspension no longer exists.
58-6-55
Reinstatement of authority of insurance producers--Notice to insurer and insurance producers.
58-6-56
Suspension, revocation, or refusal to renew certificate because of deficiency of assets or impairment of capital or surplus--Cessation of business in state.
58-6-57
Failure to notify or continuation of business after notice as felony.
58-6-58
Impairment of assets, capital, or surplus--Suspension, revocation, or refusal to renew certificate of authority--Rehabilitator or receiver of insurer not required to notify agents.
58-6-59
Liability of officers and directors of impaired insurers.
58-6-60
Notice to insurer and insurance producers of refusal, suspension, or revocation of certificate.
58-6-61
Suspension or revocation of authority of insurance producers--Notice by director.
58-6-62
58-6-62 to 58-6-64. Repealed by SL 2007, ch 285, §§ 1 to 3.
58-6-65
58-6-65, 58-6-66. Repealed by SL 2010, ch 241, §§ 4, 5.
58-6-67
Contract not invalidated by violation of countersignature requirements.
58-6-68
Insurers subject to taxation--Filing of returns and reports--Exemption of qualified pension, annuity, or profit-sharing plans.
58-6-69
Report and payment of tax by surplus line brokers.
58-6-70
Retaliatory tax provisions--Exception.
58-6-71
Exemption from retaliatory tax provisions.
58-6-72
Domicile of alien insurer for retaliatory tax purposes.
58-6-73
Domicile of Canadian insurer for retaliatory tax purposes.
58-6-74
Dissolution or retirement of insurer during year--Filing of reports and collection of taxes not defeated.
58-6-75
Statements of financial condition of insurer--Filing with director--Form and contents--Promulgation of rules--Timeliness of filing.
58-6-76
Summary of statement of financial condition of insurer--Publication by director.
58-6-77
Time for publication of summary statement by director--Publication in judicial circuits.
58-6-78
Director to supply summary statement to each legal newspaper published in each judicial circuit--Recognition of legal newspaper.
58-6-79
Publication requirements do not apply to fraternal or benevolent life association transactions nor to mutual insurance companies or associations.
58-6-80
Confidentiality of analysis ratios and examination synopses--Participation in regulatory information system.