10-44-5. Functions of regional home office and principal office--Rules.
A regional home office, for the purposes of §10-44-4, means an office performing, for an area covering one or more states, the following functions: the marketing, claims, underwriting, and policyholder servicing. A regional home office may also perform the following functions: actuarial; medical (where required); law; advertising and publications; public relations; and supervision and training of sales and service forces. A principal office shall perform the same functions in addition to decision making and corporate activities. The director may promulgate rules pursuant to chapter 1-26 to define the functions that qualify for the regional home office credit.
Source: SDC Supp 1960, §57.35A02 as added by SL 1967, ch 330; SL 1982, ch 110, §2A; SL 1993, ch 97, §2; SL 2004, ch 92, §2.
Structure South Dakota Codified Laws
Chapter 44 - Insurance Company Premium And Annuity Tax
Section 10-44-1 - Definition of terms.
Section 10-44-1.1 - Rules of director of insurance.
Section 10-44-2.1 - Applicability of tax on premiums and consideration for annuities.
Section 10-44-2.2 - Premium tax on travel insurance--Tax allocation and reporting.
Section 10-44-3 - Farm mutual insurers and fraternal benefit societies exempt from tax.
Section 10-44-4 - Tax credit for principal office or regional home office.
Section 10-44-5 - Functions of regional home office and principal office--Rules.
Section 10-44-7 - Payment required for certificate permitting continuance in business.
Section 10-44-8 - Exemption of taxpayer from other taxes.
Section 10-44-9 - Additional tax levied on fire insurance premiums.
Section 10-44-9.1 - Determining amount of fire insurance premium tax--Distribution.
Section 10-44-9.2 - Fire departments eligible for tax distribution certified annually by department.
Section 10-44-9.4 - Allocation to counties--Amount.
Section 10-44-9.5 - Allocation to fire departments serving county--Amount.
Section 10-44-15 - Payment of fire insurance tax proceeds into firemen's pension fund.
Section 10-44-16 - Penalty on unpaid taxes and installments--Refunds.