South Dakota Codified Laws
Title 58 - Insurance
Chapter 46 - Captive Insurance Companies

Section 58-46-1 - Definition of terms. - 58-46-1. Definition of terms. Terms used in this chapter mean:...

Section 58-46-3 - Requirements for doing business. - 58-46-3. Requirements for doing business. No captive insurance company may...

Section 58-46-3.1 - Group, sponsored, or special purpose captive insurance company limit of exposure to loss. - 58-46-3.1. Group, sponsored, or special purpose captive insurance company limit...

Section 58-46-4 - Filing requirements. - 58-46-4. Filing requirements. Before receiving a certificate of authority, a...

Section 58-46-5 - Additional filing requirements. - 58-46-5. Additional filing requirements. In addition to the information required...

Section 58-46-6 - Examination, investigation, and processing of application_Fees. - 58-46-6. Examination, investigation, and processing of application--Fees. Each captive insurance...

Section 58-46-7 - Issuance of certificate of authority. - 58-46-7. Issuance of certificate of authority. If the director is...

Section 58-46-8 - Capital and surplus requirements. - 58-46-8. Capital and surplus requirements. No captive insurance company, other...

Section 58-46-9 - Dividends and distributions. - 58-46-9. Dividends and distributions. No captive insurance company may pay...

Section 58-46-10 - Forms of incorporation. - 58-46-10. Forms of incorporation. A pure or agency captive insurance...

Section 58-46-11 - Organizers. - 58-46-11. Organizers. A captive insurance company shall have at least...

Section 58-46-12 - Governing board. - 58-46-12. Governing board. At least one of the members of...

Section 58-46-13 - Privileges--Applicable law. - 58-46-13. Privileges--Applicable law. Any captive insurance company formed under the...

Section 58-46-14 - Acquisitions, mergers and consolidation procedures. - 58-46-14. Acquisitions, mergers and consolidation procedures. The provisions of chapters...

Section 58-46-15 - Financial condition reporting--Independent audit. - 58-46-15. Financial condition reporting--Independent audit. Each group or sponsored captive...

Section 58-46-16 - Alternative reporting date. - 58-46-16. Alternative reporting date. A pure, agency, or trust captive...

Section 58-46-17 - Review of company financial condition--Compliance. - 58-46-17. Review of company financial condition--Compliance. At least once in...

Section 58-46-18 - Suspension or revocation of certificate of authority by director. - 58-46-18. Suspension or revocation of certificate of authority by director....

Section 58-46-19 - Allowable investments--Restrictions. - 58-46-19. Allowable investments--Restrictions. No pure, agency, or trust captive insurance...

Section 58-46-20 - Loan to parent or affiliated entity. - 58-46-20. Loan to parent or affiliated entity. A pure, agency,...

Section 58-46-21 - Ceding or taking credit for reserves. - 58-46-21. Ceding or taking credit for reserves. Any captive insurance...

Section 58-46-22 - Rating organization. - 58-46-22. Rating organization. No captive insurance company may be required...

Section 58-46-23 - Contribution to plan, pool, association, or guaranty or insolvency fund prohibited. - 58-46-23. Contribution to plan, pool, association, or guaranty or insolvency...

Section 58-46-23.1 - Risk management services. - 58-46-23.1. Risk management services. A pure or agency captive insurance...

Section 58-46-23.2 - Prohibited insurance risks. - 58-46-23.2. Prohibited insurance risks. A captive insurance company may not...

Section 58-46-24 - Annual supervision fee. - 58-46-24. Annual supervision fee. Each captive insurance company shall pay...

Section 58-46-25 - Application of chapter 58-29B. - 58-46-25. Application of chapter 58-29B. The terms and conditions set...

Section 58-46-26 - Application of Title 58. - 58-46-26. Application of Title 58. No provisions of Title 58,...

Section 58-46-27 - Sponsored captive insurance may establish protected cells--Conditions. - 58-46-27. Sponsored captive insurance may establish protected cells--Conditions. A sponsored...

Section 58-46-28 - Sponsor of sponsored captive insurance company. - 58-46-28. Sponsor of sponsored captive insurance company. A sponsor of...

Section 58-46-29 - Participant in sponsored captive insurance company. - 58-46-29. Participant in sponsored captive insurance company. Any entity may...

Section 58-46-30 - Combination of assets of protected cells for purposes of investment. - 58-46-30. Combination of assets of protected cells for purposes of...

Section 58-46-31 - Form of application--Confidentiality of information. - 58-46-31. Form of application--Confidentiality of information. The director shall prescribe...

Section 58-46-32 - Promulgation of rules. - 58-46-32. Promulgation of rules. The director may promulgate rules pursuant...