There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 58 INSURANCE
Chapter 43. Independent Audit Of Insurers
- §58-43-1 Definition of terms.
- §58-43-1.1 Repealed.
- §58-43-2 Annual audit required--Filing audited financial report--Extension of filing date--Audit committee.
- §58-43-3 Foreign or alien insurers--Exemption.
- §58-43-4 Annual audited financial report--Contents.
- §58-43-5 Financial statements.
- §58-43-5.1 Examination of financial statements by accountant.
- §58-43-6 Registration of retained accountant--Letter of acknowledgment from accountant.
- §58-43-7 Notification of dismissal or resignation of insurer's accountant--Reporting disagreements.
- §58-43-8 Explanation of disagreements between insurer and accountant--Letters from both insurer and accountant to director.
- §58-43-9 Qualifications of accountant.
- §58-43-9.1 Disqualification of accountant.
- §58-43-9.2 Disqualification of accountant for services provided contemporaneously with audit.
- §58-43-9.3 Exemption from disqualification provisions of § 58-43-9.2.
- §58-43-9.4 Services which do not disqualify accountant--Audit committee preapproval.
- §58-43-9.5 Preapproval of auditing and nonaudit services by audit committee--SOX compliant entities.
- §58-43-9.6 Delegation of preapproval duties.
- §58-43-9.7 Disqualification of accountant due to previous employment of partner or senior manager of insurer--Relief from requirement.
- §58-43-10 Rotation of accountant--Application for relief from rotation requirement.
- §58-43-11 Rejection of accountant or audited financial report--Grounds.
- §58-43-12 Disqualification hearing.
- §58-43-13 Application to file consolidated or combined financial statements--Worksheet--Contents.
- §58-43-14 Report of material misstatement of financial condition or that capital and surplus requirements not met--Time limit--Liability of accountant.
- §58-43-15 Accountant's action upon awareness of new facts subsequent to filing audited report.
- §58-43-16 Written communication as to unremediated material weaknesses in internal controls over financial reporting.
- §58-43-16.1 Applicability of §§ 58-43-16.2 to 58-43-16.9.
- §58-43-16.2 Responsibilities of audit committee.
- §58-43-16.3 Membership of audit committee.
- §58-43-16.4 Independence of audit committee members.
- §58-43-16.5 Nonindependence of audit committee member for reasons outside the member's control.
- §58-43-16.6 Election of controlling person to designate audit committee.
- §58-43-16.7 Report of accountant to audit committee.
- §58-43-16.8 Report of accountant where insurer is member of holding company system.
- §58-43-16.9 Criteria for proportion of audit committee members.
- §58-43-16.10 Hardship waiver of requirements of §§ 58-43-16.2 to 58-43-16.9, inclusive.
- §58-43-16.11 Materially false or misleading statements or omissions to accountant prohibited.
- §58-43-16.12 Coercion, manipulation, or fraudulent influence of accountant prohibited.
- §58-43-16.13 Management's Report of Internal Control over Financial Reporting required of certain insurers.
- §58-43-16.14 Circumstances under which director may require Management's Report of Internal Control over Financial Reporting.
- §58-43-16.15 Certain insurers required to file Section 404 report and addendum.
- §58-43-16.16 Contents of Management's Report of Internal Control over Financial Reporting.
- §58-43-16.17 Documentation of assertions made in Management's Report of Internal Control over Financial Reporting.
- §58-43-16.18 Discretion of management as to internal control framework and documentation.
- §58-43-16.19 Confidentiality of Management's Report of Internal Control over Financial Reporting and documentation.
- §58-43-16.20 Compliance of insurers retaining independent accountant on July 1, 2009.
- §58-43-16.21 Compliance schedule for insurers not retaining independent accountant on July 1, 2009.
- §58-43-16.22 Compliance of foreign insurers.
- §58-43-16.23 Applicability of §§ 58-43-10 and 58-43-16.2 to 58-43-16.10.
- §58-43-16.24 Applicability of §§ 58-43-16.13 to 58-43-16.19.
- §58-43-17 Letter from accountant stating accountant's independent status, background, compliance with chapter and licensing.
- §58-43-18 Workpapers.
- §58-43-19 Availability of workpapers and communications related to audit between insurer and accountant--Confidentiality of documents.
- §58-43-20 Hardship exemption--Hearing.
- §58-43-21 Compliance with chapter for year ending December 31, 1993--Foreign insurer for 1994.
- §58-43-22 Application to Canadian and British insurers.
- §58-43-23 Fine, suspension, or revocation of license for violation.
- §58-43-24 Promulgation of rules by director.
- §58-43-25 Application of chapter.
- §58-43-26 Dispute resolution by mediation or arbitration.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.