South Dakota Codified Laws
Chapter 06 - Authority To Transact Insurance In State
Section 58-6-78 - Director to supply summary statement to each legal newspaper published in each judicial circuit--Recognition of legal newspaper.

58-6-78. Director to supply summary statement to each legal newspaper published in each judicial circuit--Recognition of legal newspaper.
The director shall supply at least one such statement to each legal newspaper published in each judicial circuit, if there are a sufficient number of such statements to be published so to supply each newspaper, and no newspaper shall receive a second statement for publication until each legal newspaper in each circuit shall be furnished at least one such statement for publication. If there are insufficient statements to supply all newspapers in one year, the statements for the succeeding year shall be first supplied to those newspapers not supplied the previous year, and they shall be so supplied in each succeeding year. The publisher of any legal newspaper published in this state, who desires his publication to be recognized in the distribution of annual statements, shall each year, on or before the first day of April, furnish to the director an affidavit that the newspaper he seeks to have recognized is a legal newspaper.

Source: SL 1966, ch 111, ch 3, §27.

Structure South Dakota Codified Laws

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.