Any insurer claiming the credits and deductions provided by § 10-44-4 shall furnish satisfactory proof by March first of each year, on forms to be prescribed by the director of the Division of Insurance, that the insurer maintained its principal office or regional home office within this state and paid ad valorem taxes. Upon receipt of proof, the director of the Division of Insurance shall issue his certificate, allowing the credits and deductions provided for in § 10-44-4 with respect to the tax imposed by § 10-44-2.
S.D. Codified Laws § 10-44-6
Proof of maintenance of principal office or regional home office and payment of ad valorem taxes--Certificate allowing tax credit
Applied in 2 court decisions — leading case Metropolitan Life Insurance Co. v. Kinsman (2008)
Most recently applied in Metropolitan Life Insurance Co. v. Kinsman (July 2009)
Source: SDC Supp 1960, § 57.35A02 as added by SL 1967, ch 330; SL 1982, ch 110, § 3; SL 1984, ch 30, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.