Section 58-5A-21 - Form and contents of registration statement. - South Dakota Statutes

58-5A-21. Form and contents of registration statement. Every insurer subject to registration under § 58-5A-20 shall file a registration statement on a form provided by the division, which shall contain current information about:
(1) The capital structure, general financial condition, ownership and management of the insurer and any person controlling the insurer;
(2) The following agreements in force and transactions currently outstanding between the insurer and its affiliates:
(a) Loans, or other investments, or purchases, sales or exchanges of securities of the affiliate by the insurer or of the insurer by its affiliates;
(b) Purchases, sales, or exchanges of assets;
(c) Transactions not in the ordinary course of business;
(d) Guarantees or undertakings for the benefit of an affiliate which result in an actual contingent exposure of the insurer's assets to liability, other than insurance contracts entered into in the ordinary course of the insurer's business;
(e) All management and service contracts and all cost sharing arrangements;
(f) Dividends and other distributions to shareholders; and
(g) Consolidated tax allocation agreements;
(3) Other matters concerning transactions between a registered insurer and any affiliate as may be required by the director;
(4) The identity and relationship of every member of the insurance holding company system; and
(5) Any pledge of the insurer's stock, including stock of any subsidiary of or controlling affiliate, for a loan made to any member of the insurance holding company system.
All registration statements shall contain a summary outlining all items in the current registration statement representing changes from the prior registration statement.

Source: SL 1972, ch 267, § 15; SL 1992, ch 341, § 16.