There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 43. Independent Audit Of Insurers
§58-43-16.14 Circumstances under which director may require Management's Report of Internal Control over Financial Reporting.
SD Codified L § 58-43-16.14 (through 2011) What's This?
58-43-16.14. Circumstances under which director may require Management's Report of Internal Control over Financial Reporting.Notwithstanding the premium threshold in § 58-43-16.13, the director may require an insurer to file a Management's Report of Internal Control over Financial Reporting if the insurer is in any risk based capital (RBC) level event, or meets any one or more of the standards of an insurer deemed to be in hazardous financial condition as defined in §§ 58-4-39 to 58-4-43, inclusive.
Source: SL 2009, ch 271, § 29.
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