South Dakota Codified Laws
Chapter 06 - Authority To Transact Insurance In State
Section 58-6-52 - Duration of suspension of certificate of authority--Rescission or shortening.

South Dakota Codified Laws

Title 58 - Insurance

Chapter 06 - Authority To Transact Insurance In State

Section 58-6-1 - Certificate of authority required for transaction of insurance business--Exceptions--Violation as misdemeanor.

Section 58-6-2 - Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited--Misdemeanor.

Section 58-6-3 - Preemption of field of insurance regulation by state--Licensing by political subdivisions prohibited.

Section 58-6-4 - Activities excepted from certificate of authority requirements.

Section 58-6-5 - Foreign insurer--Investments in state without a certificate of authority.

Section 58-6-6 - Eligibility of insurer for certificate of authority.

Section 58-6-7 - Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves.

Section 58-6-8 - Denial of authority to engage in business when contrary to public interest--Denial when managed by unqualified personnel--Affiliates.

Section 58-6-9 - Continuance of authorization of prior authorized mutual and stock insurers--Participating policyholders--Quorum--Proxies--Issuance of nonvoting participating policies.

Section 58-6-10 - Governmentally owned insurers prohibited--Exceptions.

Section 58-6-11 - Readmission to state as an authorized insurer--Requirements--Payment of back premium taxes.

Section 58-6-12 - Unauthorized insurers--Application of insurer violating insurance laws for authority to transact insurance in state--Payment of back premium taxes.

Section 58-6-13 - Foreign insurance companies--Compliance with requirements for admission to do business in state--Waiver.

Section 58-6-14 - Use of deceptively similar name prohibited.

Section 58-6-15 - Use of deceptively similar name by life insurer prohibited for ten years.

Section 58-6-16 - Use of name deceptively similar to name of foreign insurer prohibited.

Section 58-6-17 - Name tending to deceive or mislead as to type of organization of insurer prohibited.

Section 58-6-18 - Prevention of confusing similarity of names by director.

Section 58-6-19 - Combination of insuring power of one insurer--Exception.

Section 58-6-20 - Life insurer--Kinds of business authorized, exception.

Section 58-6-21 - Reciprocal insurer--Transaction of life or title insurance prohibited.

Section 58-6-22 - Title insurer--Transaction of other insurance prohibited.

Section 58-6-23 - Paid-in capital and surplus requirements for certificate of authority.

Section 58-6-24 - Determination of capital and surplus requirements for certificate of authority.

Section 58-6-25 - Additional types of insurance--Request for authority to transact within three years after issuance of initial certificate--Basic surplus or additional surplus required.

Section 58-6-26 - Surplus to qualify to transact one or more kinds of insurance by domestic mutual and reciprocal insurers--Laws governing.

Section 58-6-27 - Continuation of authority of insurer holding prior certificate--Maintenance of capital stock or surplus requirements.

Section 58-6-28 - Additional kinds of insurance authorized for insurer holding prior certificate--Capital and surplus requirements.

Section 58-6-29 - Annuities--Granting by life insurer without additional capital or surplus.

Section 58-6-30 - Health insurer issuing insurance against congenital defects without additional capital or surplus.

Section 58-6-31 - Casualty insurer transacting health insurance without additional capital or surplus.

Section 58-6-32 - Property insurer including additional kinds of insurance without additional capital or surplus.

Section 58-6-33 - Deposit by all insurers--Exceptions.

Section 58-6-34 - Deposits through director--Purpose--Amounts required--Deposits in other states in lieu of deposit with director.

Section 58-6-35 - Deposits of foreign or alien insurers in another state--Quality of cash or securities.

Section 58-6-36 - Deposit of title insurer--Amount required.

Section 58-6-37 - Deposit of title insurer as guaranty fund--Purpose.

Section 58-6-38 - Application for initial certificate of authority--Documents accompanying.

Section 58-6-39 - Service of process through director.

Section 58-6-40 - Time for approval or disapproval of original certificate--Extension--Failure to disapprove deemed approval.

Section 58-6-41 - Kinds of insurance specified in certificate--Limitations within class.

Section 58-6-42 - Annual reissuance of certificate not required--Annual renewal fee--Expiration of certificate.

Section 58-6-43 - Foreign insurer exempt from foreign corporation laws.

Section 58-6-44 - Refusal to renew or suspension or revocation of certificate, grounds.

Section 58-6-45 - Hearing required on refusal to issue, suspension or revocation of certificate.

Section 58-6-46 - Grounds for refusal to renew, suspension, or revocation of certificate.

Section 58-6-47 - Suspension or revocation of certificate after hearing, grounds.

Section 58-6-48 - Suspension of certificate on commencement of delinquency proceedings.

Section 58-6-49 - Order of suspension, revocation, or refusal to renew certificate--Replacement of policies.

Section 58-6-50 - Notice to insurance producers of suspension, revocation, or refusal to renew certificate--Insurance Producers' authority.

Section 58-6-51 - Publication of notice of suspension, revocation, or refusal to renew certificate of authority.

Section 58-6-52 - Duration of suspension of certificate of authority--Rescission or shortening.

Section 58-6-53 - Rights and obligations of insurer during suspension.

Section 58-6-54 - Reinstatement of certificate of authority which has not terminated where cause for suspension no longer exists.

Section 58-6-55 - Reinstatement of authority of insurance producers--Notice to insurer and insurance producers.

Section 58-6-56 - Suspension, revocation, or refusal to renew certificate because of deficiency of assets or impairment of capital or surplus--Cessation of business in state.

Section 58-6-57 - Failure to notify or continuation of business after notice as felony.

Section 58-6-58 - Impairment of assets, capital, or surplus--Suspension, revocation, or refusal to renew certificate of authority--Rehabilitator or receiver of insurer not required to notify agents.

Section 58-6-59 - Liability of officers and directors of impaired insurers.

Section 58-6-60 - Notice to insurer and insurance producers of refusal, suspension, or revocation of certificate.

Section 58-6-61 - Suspension or revocation of authority of insurance producers--Notice by director.

Section 58-6-67 - Contract not invalidated by violation of countersignature requirements.

Section 58-6-68 - Insurers subject to taxation--Filing of returns and reports--Exemption of qualified pension, annuity, or profit-sharing plans.

Section 58-6-69 - Report and payment of tax by surplus line brokers.

Section 58-6-70 - Retaliatory tax provisions--Exception.

Section 58-6-71 - Exemption from retaliatory tax provisions.

Section 58-6-72 - Domicile of alien insurer for retaliatory tax purposes.

Section 58-6-73 - Domicile of Canadian insurer for retaliatory tax purposes.

Section 58-6-74 - Dissolution or retirement of insurer during year--Filing of reports and collection of taxes not defeated.

Section 58-6-75 - Annual and quarterly statement of financial condition of insurer--Filing with director--Form and contents--Timeliness of filing.

Section 58-6-76 - Summary of statement of financial condition of insurer--Publication by director.

Section 58-6-77 - Time for publication of summary statement by director--Publication in judicial circuits.

Section 58-6-78 - Director to supply summary statement to each legal newspaper published in each judicial circuit--Recognition of legal newspaper.

Section 58-6-79 - Publication requirements do not apply to fraternal or benevolent life association transactions nor to mutual insurance companies or associations.

Section 58-6-80 - Confidentiality of analysis ratios and examination synopses--Participation in regulatory information system.