There is a newer version of the South Dakota Codified Laws
2013 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- § 58-43-1.1 Repealed.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--Reportingdisagreements.
- § 58-43-8 Explanation of disagreements between insurer and accountant--Letters from bothinsurer 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 compliantentities.
- § 58-43-9.6 Delegation of preapproval duties.
- § 58-43-9.7 Disqualification of accountant due to previous employment of partner or seniormanager 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 surplusrequirements 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 controlsover 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'scontrol.
- § 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 certaininsurers.
- § 58-43-16.14 Circumstances under which director may require Management's Report of InternalControl 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 overFinancial 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 Reportingand 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 andaccountant--Confidentiality of documents.
- § 58-43-20 Hardship exemption--Hearing.
- § 58-43-21 Compliance with chapter for year ending December 31, 1993--Foreign insurer for1994.
- § 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.
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