58-29C-58. Association subject to regulation by director--Financial report.
The association is subject to examination and regulation by the director. The board of directors shall submit to the director each year, not later than one hundred twenty days after the association's fiscal year, a financial report in a form approved by the director and a report of its activities during the preceding fiscal year. Upon the request of a member insurer, the association shall provide the member insurer with a copy of the report.
Source: SL 2003, ch 252, ยง15.
Structure South Dakota Codified Laws
Chapter 29C - Life And Health Insurance Guaranty Association
Section 58-29C-44 - Short title.
Section 58-29C-45 - Purpose of chapter--Creation of association.
Section 58-29C-46 - Persons provided with coverage--Policies and portions of policies not covered.
Section 58-29C-47 - Construction of chapter.
Section 58-29C-48 - Definitions.
Section 58-29C-50 - Board of directors--Appointment and term--Vacancies--Compensation.
Section 58-29C-51 - Impaired or insolvent member--Actions authorized.
Section 58-29C-53 - Plan of operation--Effective date--Requirements--Delegation of powers.
Section 58-29C-54 - Duties and powers of director.
Section 58-29C-56 - Member assessment as offset against premium tax liability.
Section 58-29C-58 - Association subject to regulation by director--Financial report.
Section 58-29C-59 - Association's tax exemption status.
Section 58-29C-60 - No liability for performance of powers and duties of association or its members.
Section 58-29C-61 - Stay of proceedings against insolvent insurer--Default judgment set aside.