There is a newer version of the South Dakota Codified Laws
2010 South Dakota Code
Title 58 - INSURANCE
Chapter 14 - Reinsurance
- Section 58-14-1 - "Reinsurance" defined.
- Section 58-14-2 - Repealed.
- Section 58-14-3 - Risk limits applicable.
- Section 58-14-4 - Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.
- Section 58-14-4.1 - Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims.
- Section 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.
- Section 58-14-5 - Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director.
- Section 58-14-6 - Original insured--No interest in reinsurance.
- Section 58-14-7 - Credit for reinsurance allowed for domestic ceding insurer as asset or deduction.
- Section 58-14-8 - Credit allowed for reinsurance if assuming insurer licensed in state.
- Section 58-14-9 - Requirements for reinsurer to be accredited.
- Section 58-14-10 - A lien assuming insurer--Standards--Surplus required--Examination of records.
- Section 58-14-11 - Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer.
- Section 58-14-12 - Amount of trust for group of incorporated assuming insurers--Compliance with requirements.
- Section 58-14-13 - Establishment of trust--Annual report of balance and investments--Certification of termination of trust.
- Section 58-14-14 - Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.
- Section 58-14-15 - Allowance of credit for certain insurers not licensed or accredited in state.
- Section 58-14-16 - Deduction from liability for reinsurance ceded to insurer not meeting requirements of §§ 58-14-7 to 58-14-15--Security.
- Section 58-14-17 - Promulgation of rules.
- Section 58-14-18 - Application of reinsurance provisions.
- Section 58-14-19 - "Substantially similar" defined.
- Section 58-14-20 - Disallowal of credit or deduction.
- Section 58-14-21 - "Reinsurer" defined--Examination of reinsurer.
- Section 58-14-22 - Application of chapter.
- Section 58-14-23 - "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust.
- Section 58-14-24 - Definition of terms.
- Section 58-14-25 - Persons not agents.
- Section 58-14-26 - License required to sell, solicit, negotiate, or place reinsurance.
- Section 58-14-27 - Agent or broker bond--Errors and omissions policy.
- Section 58-14-28 - Refusal to license--Reasons.
- Section 58-14-29 - Written contract between agent or broker and insurer or reinsurer.
- Section 58-14-30 - Records of reinsurance contracts.
- Section 58-14-31 - Insurer or reinsurer to employ only licensed agent or broker.
- Section 58-14-32 - Approval and filing of contract.
- Section 58-14-33 - Additional provisions of contract.
- Section 58-14-34 - Handling of reinsurer.
- Sections 58-14-35, 58-14-36 - Restrictions on agent. Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors
- Section 58-14-37 - Examination of agent or broker--Cost.
- Section 58-14-38 - Penalty for violation.
- Section 58-14-39 - Rights of third party.
- Section 58-14-40 - Adoption of rules.
- Section 58-14-41 - Compliance with and application of §§ 58-14-24 to 58-14-42.
- Section 58-14-42 - Qualified United States financial institution.
- Section 58-14-43 - Restrictions on brokers connected to a firm or association.
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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