South Dakota 34 — Reciprocal Insurers
- 58-34-1 — "Reciprocal" insurance defined.
- 58-34-2 — "Reciprocal insurer" defined.
- 58-34-3 — "Attorney" defined.
- 58-34-4 — Application of chapter to foreign reciprocal insurers.
- 58-34-5 — Compliance required of existing insurers.
- 58-34-6 — Organization of insurer--Number of persons required.
- 58-34-7 — Application for certificate of authority--Execution and filing--Contents.
- 58-34-8 — Bond of attorney in fact--Filing with and approval by director.
- 58-34-9 — Amount and conditions of bond.
- 58-34-10 — Advance notice of cancellation of bond.
- 58-34-11 — Deposit in lieu of bond.
- 58-34-12 — Action on bond or to recover against deposit.
- 58-34-13 — Business name of insurer--Use in suits by and against.
- 58-34-14 — Surplus funds of domestic reciprocal insurer--Amounts required.
- 58-34-15 — Additional expendable surplus required of new insurer.
- 58-34-16 — Additional kinds of insurance transacted--Minimum amount of surplus funds.
- 58-34-17 — Surplus funds of existing insurers--Laws governing.
- 58-34-18 — Issuance of certificate of authority.
- 58-34-19 — Refusal, suspension, or revocation of certificate of authority--Grounds.
- 58-34-20 — Rights and powers of attorney provided by subscribers' agreement.
- 58-34-21 — Power of attorney--Form and contents.
- 58-34-22 — Power of attorney--Terms--Approval by director.
- 58-34-23 — Service of legal process upon domestic insurer.
- 58-34-24 — Liability of subscribers for judgment against insurer--Service of legal process.
- 58-34-25 — Eligibility to become subscriber.
- 58-34-26 — Authority of corporation to exchange insurance contracts.
- 58-34-27 — Representatives of subscribers not liable on contract.
- 58-34-28 — Advisory committee representing subscribers--Selection.
- 58-34-29 — Advisory committee--Qualifications of members.
- 58-34-30 — Powers of advisory committee.
- 58-34-31 — Modification of subscribers' agreement or power of attorney.
- 58-34-32 — Kinds of business transacted--Life or title insurance excepted.
- 58-34-33 — Reinsurance authorized.
- 58-34-34 — Advance of funds to insurer.
- 58-34-35 — Liability of subscribers several and proportionate.
- 58-34-36 — Contingent assessment liability of subscriber.
- 58-34-37 — Contingent liability stated in assessable policy.
- 58-34-38 — Assessments against subscribers--Authority for levy.
- 58-34-39 — Computation of amounts of assessments--Ratio of deficiency to premiums earned.
- 58-34-40 — Earned premiums, computation for purpose of assessments.
- 58-34-41 — Offset of claim for unearned premium against assessment prohibited.
- 58-34-42 — Time limit for levy of assessment.
- 58-34-43 — Aggregate liability of subscriber--Maximum in one year.
- 58-34-44 — Subscriber not liable until final judgment against insurer.
- 58-34-45 — Limited liability of subscriber on judgment.
- 58-34-46 — Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability.
- 58-34-47 — Extinguishment of contingent liability of all subscribers required for authorization ofnonassessable policies.
- 58-34-48 — Impairment of surplus required for nonassessable policies--Revocation of extinguishmentauthority.
- 58-34-49 — Savings--Distribution to subscribers.
- 58-34-50 — Liquidation--Distribution of remaining assets to subscribers.
- 58-34-51 — Annual statement of insurer--Filing.
- 58-34-52 — Annual statement--Supplemental information required by director.
- 58-34-53 — Determination of financial condition--Rules applied by director.
- 58-34-54 — Premium deposits as assets.
- 58-34-55 — Surplus deposits--Allowance as assets.
- 58-34-56 — Uncollected assessments not allowed as assets.
- 58-34-57 — Contingent liability of subscribers not allowed as asset.
- 58-34-58 — Reserves charged as liabilities.
- 58-34-59 — Computation of reserves.
- 58-34-60 — Surplus deposits of subscribers not a liability.
- 58-34-61 — Merger or conversion prohibited.
- 58-34-62 — Impairment of surplus--Deficiency to be made up.
- 58-34-63 — Failure to make up deficiency--Insurer deemed insolvent.
- 58-34-64 — Liquidation of insurer ordered--Levy of assessment against subscribers.