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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 44 - Broker Controlled Property And Casualty Insurance
§ 58-44-6 Audit committee of controlled insurer--Annual meeting.
Universal Citation: SD Codified L § 58-44-6 (2019)
58-44-6. Audit committee of controlled insurer--Annual meeting. Every controlled insurer shall establish an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer's independent certified public accountants, and an independent casualty actuary or other independent loss reserve specialist acceptable to the director to review the adequacy of the insurer's loss reserves.
Source: SL 1992, ch 358, ยง 6.
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