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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05A - Insurance Holding Companies
§ 58-5A-46 Acquisition and involved insurer defined.
Universal Citation: SD Codified L § 58-5A-46 (2019)
58-5A-46. Acquisition and involved insurer defined. The following definitions shall only apply to §§ 58-5A-47 to 58-5A-53, inclusive:
(1) "Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and
(2) "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.
Source: SL 1992, ch 341, § 8.
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