South Dakota 06 — Authority To Transact Insurance In State
- 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 statewithout certificate of authority prohibited--Misdemeanor.
- 58-6-3 — Preemption of field of insurance regulation by state--Licensing by political subdivisionsprohibited.
- 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 requiredreserves.
- 58-6-8 — Denial of authority to engage in business when contrary to public interest--Denial whenmanaged by unqualified personnel--Affiliates.
- 58-6-9 — Continuance of authorization of prior authorized mutual and stock insurers--Participatingpolicyholders--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 premiumtaxes.
- 58-6-12 — Unauthorized insurers--Application of insurer violating insurance laws for authority totransact insurance in state--Payment of back premium taxes.
- 58-6-13 — Foreign insurance companies--Compliance with requirements for admission to do businessin 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 afterissuance 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 andreciprocal insurers--Laws governing.
- 58-6-27 — Continuation of authority of insurer holding prior certificate--Maintenance of capital stockor surplus requirements.
- 58-6-28 — Additional kinds of insurance authorized for insurer holding prior certificate--Capital andsurplus 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 orsurplus.
- 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 orsurplus.
- 58-6-33 — Deposit by all insurers--Exceptions.
- 58-6-34 — Deposits through director--Purpose--Amounts required--Deposits in other states in lieuof 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 disapprovedeemed 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 — Violation of law by insurer or failure to comply with lawful order of director--Refusal torenew, suspension, or revocation of certificate of authority.
- 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 of authority.
- 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 forsuspension no longer exists.
- 58-6-55 — Reinstatement of authority of insurance producers--Notice to insurer and insuranceproducers.
- 58-6-56 — Suspension, revocation, or refusal to renew certificate because of deficiency of assets orimpairment 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 renewcertificate 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 ofcertificate.
- 58-6-61 — Suspension or revocation of authority of insurance producers--Notice by director.
- 58-6-62 — Policy to be written through licensed resident or nonresident insurance producer--Countersignature of resident insurance producer--Violation as misdemeanor.
- 58-6-63 — Licensed resident insurance producer countersigning policy for licensed nonresidentinsurance producer--Compensation for services--Record of amount--Waiver.
- 58-6-64 — Insurer requesting countersignature of policy from resident insurance producer--Information to be furnished--Payment of fee for countersignature.
- 58-6-65 — Suspension or revocation of certificate or license for noncompliance with countersignaturerequirements--Reduced commission.
- 58-6-66 — Insurance exempt from requirements as to countersignature by resident agent.
- 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 taxesnot defeated.
- 58-6-75 — Annual and quarterly statement of financial condition of insurer--Filing with director--Formand contents--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 judicialcircuit--Recognition of legal newspaper.
- 58-6-79 — Publication requirements do not apply to fraternal or benevolent life associationtransactions nor to mutual insurance companies or associations.
- 58-6-80 — Confidentiality of analysis ratios and examination synopses--Participation in regulatoryinformation system.