South Dakota Codified Laws
Chapter 46 - Captive Insurance Companies
Section 58-46-6 - Examination, investigation, and processing of application_Fees.

58-46-6. Examination, investigation, and processing of application--Fees.
Each captive insurance company shall pay to the director a nonrefundable fee of two thousand dollars for examining, investigating, and processing its application for certificate of authority. Two or more captive insurance companies under common ownership or control shall pay this fee for each application submitted to the director for a certificate of authority. A sponsored captive insurance company shall pay an additional one thousand dollars for each protected cell application. However, no additional fee is required for the first protected cell application submitted by a sponsored captive insurance company. The director may retain legal, financial, and examination services from outside the department. The reasonable cost of the services may be charged against the applicant with notice to the applicant. The provisions of chapter 58-3 apply to examinations, investigations, and processing conducted under the authority of this chapter.

Source: SL 1996, ch 287, §6; SL 2013, ch 257, §5; SL 2016, ch 234, §1.

Structure South Dakota Codified Laws