Chapter
INSURANCE HOLDING COMPANIES
- S.D. Codified Laws § 58-5A-1— Definitions
- S.D. Codified Laws § 58-5A-2— "Domestic insurer" defined
- S.D. Codified Laws § 58-5A-3— Acquisition of control of or merger with domestic insurer--Information statement required--Approval by director required--Violation as misdemeanor
- S.D. Codified Laws § 58-5A-3.1— Divestiture of controlling interest in domestic insurer--Notice to director and insurer
- S.D. Codified Laws § 58-5A-4— Contents of information statement--Violation as misdemeanor
- S.D. Codified Laws § 58-5A-5— Information statement required of partners or members of syndicate or group--Violation as misdemeanor
- S.D. Codified Laws § 58-5A-6— Information required of corporations, officers, directors and certain owners of voting securities--Violation as misdemeanor
- S.D. Codified Laws § 58-5A-7— Amendment of information statement--Violation as misdemeanor
- S.D. Codified Laws § 58-5A-8— Federal or state registration statements utilized in furnishing information
- S.D. Codified Laws § 58-5A-9— Approval by director of acquisition or merger--Grounds for disapproval
- S.D. Codified Laws § 58-5A-9.1— Disapproval of dividends or distributions for violation--Order of supervision
- S.D. Codified Laws § 58-5A-10— Time of hearing--Notice
- S.D. Codified Laws § 58-5A-10.1— Request for public hearing on consolidated basis
- S.D. Codified Laws § 58-5A-11— Procedure at hearing--Evidence admissible
- S.D. Codified Laws § 58-5A-11.1— Cost of hearing officer--Retention of various experts at acquiring person's expense
- S.D. Codified Laws § 58-5A-12— Time for director's determination after hearing
- S.D. Codified Laws § 58-5A-13— Statements and notices mailed to shareholders--Expenses of mailing--Security required
- S.D. Codified Laws § 58-5A-14— 58-5A-14. Repealed by SL 1992, ch 341, § 42
- S.D. Codified Laws § 58-5A-15— Mergers and consolidations exempt from information and approval requirements
- S.D. Codified Laws § 58-5A-16— Acquisitions exempt from information and approval requirements by order of director
- S.D. Codified Laws § 58-5A-17— 58-5A-17. Repealed by SL 1990, ch 158, § 19
- S.D. Codified Laws § 58-5A-18— Acquisition, divestiture, or merger without approval as misdemeanor
- S.D. Codified Laws § 58-5A-19— Jurisdiction of court in Hughes County--Director as attorney for service of process
- S.D. Codified Laws § 58-5A-20— Registration of subsidiary insurer--Time for registration--Statement required of foreign insurer
- S.D. Codified Laws § 58-5A-21— Form and contents of registration statement
- S.D. Codified Laws § 58-5A-22— Initial and annual registration fees
- S.D. Codified Laws § 58-5A-23— Disclosure of immaterial information not required
- S.D. Codified Laws § 58-5A-24— Report of changes required of registered insurer
- S.D. Codified Laws § 58-5A-25— Termination of registration
- S.D. Codified Laws § 58-5A-26— Consolidated registration statement or report by affiliated insurers
- S.D. Codified Laws § 58-5A-27— Registration by insurer on behalf of affiliated insurer
- S.D. Codified Laws § 58-5A-28— Insurer exempt from registration requirements on order of director
- S.D. Codified Laws § 58-5A-29— Disclaimer of affiliation--Contents--Procedure on disallowance
- S.D. Codified Laws § 58-5A-29.1— Annual enterprise risk report
- S.D. Codified Laws § 58-5A-30— Failure to file registration statement or enterprise risk report--Penalty--Waiver
- S.D. Codified Laws § 58-5A-31— Registration requirements satisfied by duplicate copies of federal filings
- S.D. Codified Laws § 58-5A-32— Standards for material transactions by registered insurers with affiliates--Nonconformity
- S.D. Codified Laws § 58-5A-33— 58-5A-33. Repealed by SL 1990, ch 158, § 26
- S.D. Codified Laws § 58-5A-34— Adequacy of insurer's surplus--Factors considered
- S.D. Codified Laws § 58-5A-35— Notice to director of extraordinary distribution--Approval by director
- S.D. Codified Laws § 58-5A-36— Application for approval of extraordinary distribution--Contents
- S.D. Codified Laws § 58-5A-37— Examination of insurers and affiliates
- S.D. Codified Laws § 58-5A-38— Grounds for director's examination
- S.D. Codified Laws § 58-5A-38.1— Production of records, books, and other information
- S.D. Codified Laws § 58-5A-38.2— Examination of registered insurer's affiliates to obtain information
- S.D. Codified Laws § 58-5A-39— Personnel employed by department for conduct of examination
- S.D. Codified Laws § 58-5A-40— Insurer to pay expense of examination
- S.D. Codified Laws § 58-5A-41— Confidentiality of information in possession or control of Division--Use in regulatory or legal action--Grounds for publication by director
- S.D. Codified Laws § 58-5A-41.1— Testimony in private civil action concerning confidential information prohibited
- S.D. Codified Laws § 58-5A-41.2— Certain sharing of confidential information permitted
- S.D. Codified Laws § 58-5A-41.3— Agreements regarding sharing of confidential information
- S.D. Codified Laws § 58-5A-41.4— Information in possession or control of NAIC or third-party consultant confidential
- S.D. Codified Laws § 58-5A-41.5— Confidentiality not waived by disclosure of information
- S.D. Codified Laws § 58-5A-42— 58-5A-42. Repealed by SL 1978, ch 359, § 3
- S.D. Codified Laws § 58-5A-43— Acquisition of subsidiaries--Limitations
- S.D. Codified Laws § 58-5A-44— Disposition of investment in subsidiary upon cessation of control--Waiver
- S.D. Codified Laws § 58-5A-45— Pre-acquisition notification--"Person" defined
- S.D. Codified Laws § 58-5A-46— "Acquisition" and "Involved insurer" defined--Limited application
- S.D. Codified Laws § 58-5A-47— Application of §§ 58-5A-46 to 58-5A-53--Exceptions
- S.D. Codified Laws § 58-5A-48— Pre-acquisition notification--Contents--Waiting period
- S.D. Codified Laws § 58-5A-49— Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards
- S.D. Codified Laws § 58-5A-50— Acquisitions subject to order under § 58-5A-69
- S.D. Codified Laws § 58-5A-51— Plan for limiting anticompetitive impact of acquisition--Time limit
- S.D. Codified Laws § 58-5A-52— Fine, suspension, or revocation for violation of cease and desist order
- S.D. Codified Laws § 58-5A-53— Failure to comply with filing requirements--Fine
- S.D. Codified Laws § 58-5A-54— Report of dividends and distributions to shareholders--Time limit
- S.D. Codified Laws § 58-5A-55— Persons subject to registration to provide complete and accurate information to insurer
- S.D. Codified Laws § 58-5A-57— Transactions entered into to avoid director's review prohibited
- S.D. Codified Laws § 58-5A-58— Considerations in decision to approve or disapprove transactions
- S.D. Codified Laws § 58-5A-59— Notification to director of certain investments into one corporation
- S.D. Codified Laws § 58-5A-60— Certain securities not to be voted at shareholder's meeting--Application for injunction
- S.D. Codified Laws § 58-5A-61— Petition to seize or sequester voting securities acquired in violation of chapter
- S.D. Codified Laws § 58-5A-62— Violations by officers subject to fine--Determining amount of fine
- S.D. Codified Laws § 58-5A-63— Transactions or contracts entered into without approval--Cease and desist order by director
- S.D. Codified Laws § 58-5A-64— Criminal proceedings for violation committed knowingly--Fine
- S.D. Codified Laws § 58-5A-65— False statements, reports, or filings as felony
- S.D. Codified Laws § 58-5A-66— Order for conservation, liquidation, or rehabilitation--Distribution and recovery--Liability
- S.D. Codified Laws § 58-5A-67— Suspension, revocation, or refusal to renew license for violation
- S.D. Codified Laws § 58-5A-68— Stay of director's action upon appeal to circuit court
- S.D. Codified Laws § 58-5A-69— Order by director upon violation of standards--Cease and desist--Denial of license
- S.D. Codified Laws § 58-5A-70— Promulgation of rules by director
- S.D. Codified Laws § 58-5A-71— Application of §§ 58-5A-60 and 58-5A-61
- S.D. Codified Laws § 58-5A-72— Ownership situs of voting securities
- S.D. Codified Laws § 58-5A-73— Additional investments by domestic insurer
- S.D. Codified Laws § 58-5A-74— Determining whether investments meet applicable requirements
- S.D. Codified Laws § 58-5A-75— Investments subject to chapter 58-27
- S.D. Codified Laws § 58-5A-76— Application to insurer not a member of same holding company
- S.D. Codified Laws § 58-5A-77— Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary dividends
- S.D. Codified Laws § 58-5A-78— Director's participation in supervisory college to determine insurer compliance
- S.D. Codified Laws § 58-5A-79— Expenses of director's participation in supervisory college
- S.D. Codified Laws § 58-5A-80— Director's participation in supervisory college with other regulators
- S.D. Codified Laws § 58-5A-80.1— Internationally active insurance group--Supervision
- S.D. Codified Laws § 58-5A-80.2— International active insurance group--Group-wide supervisor determination
- S.D. Codified Laws § 58-5A-80.3— Internationally active insurance group--Group-wide supervisor acknowledgment
- S.D. Codified Laws § 58-5A-80.4— Group-wide supervisor--Information for determination
- S.D. Codified Laws § 58-5A-80.5— Group-wide supervisor--Director supervision--Permitted activities
- S.D. Codified Laws § 58-5A-80.6— Group-wide supervisor--Director cooperation
- S.D. Codified Laws § 58-5A-80.7— Information sharing
- S.D. Codified Laws § 58-5A-80.8— Promulgation of rules
- S.D. Codified Laws § 58-5A-80.9— Reasonable expenses
- S.D. Codified Laws § 58-5A-81— Maintenance of risk management framework
- S.D. Codified Laws § 58-5A-82— Regular conduct of ORSA
- S.D. Codified Laws § 58-5A-83— Submission of ORSA summary report or comparable reports to division
- S.D. Codified Laws § 58-5A-84— ORSA summary report requirements
- S.D. Codified Laws § 58-5A-85— Exemption from requirements
- S.D. Codified Laws § 58-5A-86— Requirements where insurer or insurer's group does not qualify for exemption
- S.D. Codified Laws § 58-5A-87— Insurer's application for waiver
- S.D. Codified Laws § 58-5A-88— One year period to comply with requirements following loss of qualification for exemption
- S.D. Codified Laws § 58-5A-89— Conditions under which director may require maintenance of risk management framework, conduct of ORSA, and filing of ORSA summary report
- S.D. Codified Laws § 58-5A-90— Confidentiality of information submitted to division
- S.D. Codified Laws § 58-5A-91— Powers and duties of director regarding ORSA
- S.D. Codified Laws § 58-5A-92— Sharing of information and documents by director--Confidentiality
- S.D. Codified Laws § 58-5A-93— Promulgation of rules regarding ORSA
- S.D. Codified Laws § 58-5A-94— Group capital calculation--Annual filing required--Promulgation of rules
- S.D. Codified Laws § 58-5A-95— Group capital calculation--Annual filing exemptions
- S.D. Codified Laws § 58-5A-96— Group capital calculation required
- S.D. Codified Laws § 58-5A-97— Liquidity stress test framework--Scope criteria--Promulgation of rules
- S.D. Codified Laws § 58-5A-98— Confidentiality of group capital calculation and liquidity stress test
- S.D. Codified Laws § 58-5A-99— Insurer disclosure of certain confidential information permitted--Response to false or inappropriate statements
- S.D. Codified Laws § 58-5A-100— Deposit or bond required for insurer in hazardous financial condition
- S.D. Codified Laws § 58-5A-101— Insurer records and data held by affiliate--Property of insurer
- S.D. Codified Laws § 58-5A-102— Premiums--Property of insurer
- S.D. Codified Laws § 58-5A-103— Affiliate of certain domestic insurers--Jurisdiction of insurer's appointees