58-25-16. Countersignature by agent or abstracter of county required--Violation as misdemeanor.
No insurance company shall issue any policy of title insurance or certificate of title or other guarantee of title, covering any property located within the State of South Dakota, unless the same is countersigned by a person, partnership, or corporation, who has met the requirements of §§36-13-8 and 36-13-10 in the county in which the real property is located, or maintains an abstract plant in the county where the real property is located and meets the requirements of chapter 36-13. A violation of this section is a Class 2 misdemeanor.
Source: SL 1966, ch 111, ch 14, §4; SL 1978, ch 359, §2; SL 1979, ch 345.
Structure South Dakota Codified Laws
Chapter 25 - Title Insurance Rates And Policies
Section 58-25-1 - Application of chapter.
Section 58-25-2 - Making of rates--Provisions governing.
Section 58-25-3 - Reasonableness and adequacy of rates.
Section 58-25-4 - Unfair discrimination in rates prohibited.
Section 58-25-5 - Grouping of guarantees by classification for rate-making.
Section 58-25-6 - Matters considered in making rates.
Section 58-25-7 - Schedule of rates or premiums--Filing with director--Contents.
Section 58-25-8 - Contracts, policies, or guarantees required to be filed with director, exceptions.
Section 58-25-10 - Filing of rates and policies--Approval or disapproval by director.
Section 58-25-13 - Deviations, rebates, and discounts prohibited.
Section 58-25-14 - Exchange of information and experience data--Consultation as to rate-making.
Section 58-25-15 - False or misleading information as misdemeanor.
Section 58-25-17 - Violation of chapter--Imposition of penalties by director.
Section 58-25-20 - Conduct of hearings before director.
Section 58-25-22 - Title insurance company to maintain reserve--Amount.
Section 58-25-23 - Reserves restored to net profits over twenty-year period--Amortization rate.
Section 58-25-24 - Calculation of adjusted statutory or unearned premium reserve.
Section 58-25-25 - Adjusted reserves restored to net profits or equity.
Section 58-25-26 - Title insurer to maintain known claim reserve--Amount.
Section 58-25-27 - Supplemental reserve to cover liabilities.