There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 58 INSURANCE
Chapter 14. Reinsurance
- §58-14-1 "Reinsurance" defined.
- §58-14-2 Repealed.
- §58-14-3 Risk limits applicable.
- §58-14-4 Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.
- §58-14-4.1 Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims.
- §58-14-4.2 Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense.
- §58-14-5 Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director.
- §58-14-6 Original insured--No interest in reinsurance.
- §58-14-7 Credit for reinsurance allowed for domestic ceding insurer as asset or deduction.
- §58-14-8 Credit allowed for reinsurance if assuming insurer licensed in state.
- §58-14-9 Requirements for reinsurer to be accredited.
- §58-14-10 A lien assuming insurer--Standards--Surplus required--Examination of records.
- §58-14-11 Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer.
- §58-14-12 Amount of trust for group of incorporated assuming insurers--Compliance with requirements.
- §58-14-13 Establishment of trust--Annual report of balance and investments--Certification of termination of trust.
- §58-14-14 Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.
- §58-14-15 Allowance of credit for certain insurers not licensed or accredited in state.
- §58-14-16 Deduction from liability for reinsurance ceded to insurer not meeting requirements of §§ 58-14-7 to 58-14-15--Security.
- §58-14-17 Promulgation of rules.
- §58-14-18 Application of reinsurance provisions.
- §58-14-19 "Substantially similar" defined.
- §58-14-20 Disallowal of credit or deduction.
- §58-14-21 "Reinsurer" defined--Examination of reinsurer.
- §58-14-22 Application of chapter.
- §58-14-23 "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust.
- §58-14-24 Definition of terms.
- §58-14-25 Persons not agents.
- §58-14-26 License required to sell, solicit, negotiate, or place reinsurance.
- §58-14-27 Agent or broker bond--Errors and omissions policy.
- §58-14-28 Refusal to license--Reasons.
- §58-14-29 Written contract between agent or broker and insurer or reinsurer.
- §58-14-30 Records of reinsurance contracts.
- §58-14-31 Insurer or reinsurer to employ only licensed agent or broker.
- §58-14-32 Approval and filing of contract.
- §58-14-33 Additional provisions of contract.
- §58-14-34 Handling of reinsurer.
- §58-14-35 Restrictions on agent.
- §58-14-36 Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors.
- §58-14-37 Examination of agent or broker--Cost.
- §58-14-38 Penalty for violation.
- §58-14-39 Rights of third party.
- §58-14-40 Adoption of rules.
- §58-14-41 Compliance with and application of §§ 58-14-24 to 58-14-42.
- §58-14-42 Qualified United States financial institution.
- §58-14-43 Restrictions on brokers connected to a firm or association.
- §58-14-44 Restrictions on who may act as agent.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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