Section 58-3-3.1 - Examination assessment fee--Insurance examination fund established for proceeds. - South Dakota Statutes

58-3-3.1. Examination assessment fee--Insurance examination fund established for proceeds. Any insurer subject to chapter 58-3 shall pay to the Division of Insurance an annual examination assessment fee of three hundred dollars by March first, beginning in 1998. There shall be established within the state treasury the insurance examination fund, into which shall be deposited the proceeds from the examination assessment fees. The director may increase the annual examination assessment fee or levy an additional examination assessment fee of up to one hundred fifty dollars if the insurance examination fund falls below fifty thousand dollars.

Source: SL 1997, ch 283, § 1.