Chapter
REINSURANCE
- S.D. Codified Laws § 58-14-1— "Reinsurance" defined
- S.D. Codified Laws § 58-14-2— 58-14-2. Repealed by SL 1992, ch 344, § 13
- S.D. Codified Laws § 58-14-3— Risk limits applicable
- S.D. Codified Laws § 58-14-4— Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments
- S.D. Codified Laws § 58-14-4.1— Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims
- S.D. Codified Laws § 58-14-4.2— Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense
- S.D. Codified Laws § 58-14-5— Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director
- S.D. Codified Laws § 58-14-6— Original insured--No interest in reinsurance
- S.D. Codified Laws § 58-14-7— Credit for reinsurance allowed for domestic ceding insurer as asset or reduction
- S.D. Codified Laws § 58-14-8— Credit allowed for reinsurance if assuming insurer licensed in state
- S.D. Codified Laws § 58-14-9— Requirements for reinsurer to be accredited
- S.D. Codified Laws § 58-14-10— A lien assuming insurer--Standards--Surplus required--Examination of records
- S.D. Codified Laws § 58-14-11— Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer
- S.D. Codified Laws § 58-14-11.1— Trust fund requirements for single assuming insurer
- S.D. Codified Laws § 58-14-12— Trust fund requirements for group of incorporated underwriters
- S.D. Codified Laws § 58-14-12.1— Trust fund requirements for group including incorporated and individual unincorporated underwriters
- S.D. Codified Laws § 58-14-13— Establishment of trust--Annual report of balance and investments--Certification of termination of trust
- S.D. Codified Laws § 58-14-14— Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions
- S.D. Codified Laws § 58-14-15— Allowance of credit for certain insurers not licensed, certified, or accredited in state
- S.D. Codified Laws § 58-14-16— Asset or reduction from liability for reinsurance ceded to insurer not meeting requirements of § 58-14-7--Security
- S.D. Codified Laws § 58-14-16.1— Credit allowed for reinsurance ceded to certified reinsurer
- S.D. Codified Laws § 58-14-16.2— Eligibility for certification as reinsurer
- S.D. Codified Laws § 58-14-16.3— Eligibility for certification of association including incorporated and individual unincorporated underwriters
- S.D. Codified Laws § 58-14-16.4— List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification
- S.D. Codified Laws § 58-14-16.5— Eligibility of non-United States domiciliary jurisdiction to be recognized as qualified jurisdiction
- S.D. Codified Laws § 58-14-16.6— National Association of Insurance Commissioners' list of qualified jurisdictions
- S.D. Codified Laws § 58-14-16.7— Rating of certified reinsurer
- S.D. Codified Laws § 58-14-16.8— Obligations assumed from United States ceding insurers to be secured consistent with rating
- S.D. Codified Laws § 58-14-16.9— Security required for domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to certified reinsurer
- S.D. Codified Laws § 58-14-16.10— Trust accounts of certified reinsurer securing obligations as multibeneficiary trust
- S.D. Codified Laws § 58-14-16.11— Minimum trusteed surplus requirements
- S.D. Codified Laws § 58-14-16.12— Reduction in allowable credit for insufficient security
- S.D. Codified Laws § 58-14-16.13— Terminated or suspended certification--Inactive status
- S.D. Codified Laws § 58-14-16.14— Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction
- S.D. Codified Laws § 58-14-16.15— Inactive certified reinsurers
- S.D. Codified Laws § 58-14-16.16— Management and notice requirements regarding ceding insurer's reinsurance recoverables
- S.D. Codified Laws § 58-14-16.17— Diversification of ceding insurer's reinsurance program--Notice requirements
- S.D. Codified Laws § 58-14-16.18— Qualified United States financial institution defined for purposes of subdivision 58-14-16(3)
- S.D. Codified Laws § 58-14-16.19— Trust agreement conditions for assuming insurers not meeting certain requirements
- S.D. Codified Laws § 58-14-16.20— Suspension or revocation of reinsurer' s accreditation or certification
- S.D. Codified Laws § 58-14-16.21— Credit for reinsurance during suspension or revocation
- S.D. Codified Laws § 58-14-16.22— Fees
- S.D. Codified Laws § 58-14-16.23— Credit for reinsurance for reinsurers in reciprocal jurisdictions--Eligibility requirements
- S.D. Codified Laws § 58-14-16.24— Credit for reinsurance for reinsurers in reciprocal jurisdictions--Capital and surplus requirements
- S.D. Codified Laws § 58-14-16.25— Credit for reinsurance for reinsurers in reciprocal jurisdictions--Adequate assurances required
- S.D. Codified Laws § 58-14-16.26— Documents that must be provided to the division
- S.D. Codified Laws § 58-14-16.27— Prompt payment practices
- S.D. Codified Laws § 58-14-16.28— List or reciprocal jurisdictions to be published
- S.D. Codified Laws § 58-14-16.29— List of assuming insurers
- S.D. Codified Laws § 58-14-16.30— Assuming insurers that no longer meet one or more requirements
- S.D. Codified Laws § 58-14-16.31— Procedure for denying statement credit
- S.D. Codified Laws § 58-14-16.32— Assuming insurers in receivership
- S.D. Codified Laws § 58-14-16.33— Effective date for reinsurers in reciprocal jurisdictions
- S.D. Codified Laws § 58-14-16.34— Application of reciprocal jurisdiction laws
- S.D. Codified Laws § 58-14-17— Promulgation of rules
- S.D. Codified Laws § 58-14-18— Application of reinsurance provisions
- S.D. Codified Laws § 58-14-19— "Substantially similar" defined
- S.D. Codified Laws § 58-14-20— Disallowal of credit or deduction
- S.D. Codified Laws § 58-14-21— "Reinsurer" defined--Examination of reinsurer
- S.D. Codified Laws § 58-14-22— Application of chapter
- S.D. Codified Laws § 58-14-23— "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust
- S.D. Codified Laws § 58-14-24— Definition of terms
- S.D. Codified Laws § 58-14-25— Persons not agents
- S.D. Codified Laws § 58-14-26— License required to sell, solicit, negotiate, or place reinsurance
- S.D. Codified Laws § 58-14-27— Agent or broker bond--Errors and omissions policy
- S.D. Codified Laws § 58-14-28— Refusal to license--Reasons
- S.D. Codified Laws § 58-14-29— Written contract between agent or broker and insurer or reinsurer
- S.D. Codified Laws § 58-14-30— Records of reinsurance contracts
- S.D. Codified Laws § 58-14-31— Insurer or reinsurer to employ only licensed agent or broker
- S.D. Codified Laws § 58-14-32— Approval and filing of contract
- S.D. Codified Laws § 58-14-33— Additional provisions of contract
- S.D. Codified Laws § 58-14-34— Handling of reinsurer
- S.D. Codified Laws § 58-14-35— Restrictions on agent
- S.D. Codified Laws § 58-14-36— Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors
- S.D. Codified Laws § 58-14-37— Examination of agent or broker--Cost
- S.D. Codified Laws § 58-14-38— Penalty for violation
- S.D. Codified Laws § 58-14-39— Rights of third party
- S.D. Codified Laws § 58-14-40— Adoption of rules
- S.D. Codified Laws § 58-14-41— Compliance with and application of §§ 58-14-24 to 58-14-42
- S.D. Codified Laws § 58-14-42— Qualified United States financial institution
- S.D. Codified Laws § 58-14-43— Restrictions on brokers connected to a firm or association
- S.D. Codified Laws § 58-14-44— Restrictions on who may act as agent