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2023 South Dakota Codified Laws
Title 58 - Insurance
Chapter 44 - Broker Controlled Property And Casualty Insurance
Section 58-44-3 - Application of chapter based on gross written premium on business placed with controlled insurer.
Universal Citation:
SD Codified L § 58-44-3 (2023)
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58-44-3. Application of chapter based on gross written premium on business placed with controlled insurer.
The provisions of this chapter apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling broker is equal to or greater than five percent of the admitted assets of the controlled insurer, as reported in the controlled insurers' quarterly statement filed as of September thirtieth of the prior year.
Source: SL 1992, ch 358, ยง3.
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