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SOUTH DAKOTA STATUTES AND CODES
Chapter 14 - Reinsurance
- Section 58-14-1 - "Reinsurance" defined.
- Section 58-14-2 - Repealed.
- Section 58-14-3 - Risk limits applicable.
- Section 58-14-4 - Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.
- Section 58-14-4.1 - Association election to succeed to rights and obligations of insolvent insurer underreinsurance contract--Reinsurer's liability to pay claims.
- Section 58-14-4.2 - Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim againstceding insurer--Investigation and election to interpose defense.
- Section 58-14-5 - Reinsurance contracts filed by ceding insurer--Cancellation or material change, dutyto inform director.
- Section 58-14-6 - Original insured--No interest in reinsurance.
- Section 58-14-7 - Credit for reinsurance allowed for domestic ceding insurer as asset or deduction.
- Section 58-14-8 - Credit allowed for reinsurance if assuming insurer licensed in state.
- Section 58-14-9 - Requirements for reinsurer to be accredited.
- Section 58-14-10 - A lien assuming insurer--Standards--Surplus required--Examination of records.
- Section 58-14-11 - Credit for reinsurance ceded to insurer maintaining trust fund for payment of validclaims--Annual report of assuming insurer.
- Section 58-14-12 - Amount of trust for group of incorporated assuming insurers--Compliance withrequirements.
- Section 58-14-13 - Establishment of trust--Annual report of balance and investments--Certification oftermination of trust.
- Section 58-14-14 - Reinsurance credit for certain insurers limited to risks in foreign or alienjurisdictions.
- Section 58-14-15 - Allowance of credit for certain insurers not licensed or accredited in state.
- Section 58-14-16 - Deduction from liability for reinsurance ceded to insurer not meeting requirementsof §§ 58-14-7 to 58-14-15--Security.
- Section 58-14-17 - Promulgation of rules.
- Section 58-14-18 - Application of reinsurance provisions.
- Section 58-14-19 - "Substantially similar" defined.
- Section 58-14-20 - Disallowal of credit or deduction.
- Section 58-14-21 - "Reinsurer" defined--Examination of reinsurer.
- Section 58-14-22 - Application of chapter.
- Section 58-14-23 - "Qualified United States financial institution" defined for eligibility to act asfiduciary of a trust.
- Section 58-14-24 - Definition of terms.
- Section 58-14-25 - Persons not agents.
- Section 58-14-26 - License required to sell, solicit, negotiate, or place reinsurance.
- Section 58-14-27 - Agent or broker bond--Errors and omissions policy.
- Section 58-14-28 - Refusal to license--Reasons.
- Section 58-14-29 - Written contract between agent or broker and insurer or reinsurer.
- Section 58-14-30 - Records of reinsurance contracts.
- Section 58-14-31 - Insurer or reinsurer to employ only licensed agent or broker.
- Section 58-14-32 - Approval and filing of contract.
- Section 58-14-33 - Additional provisions of contract.
- Section 58-14-34 - Handling of reinsurer.
- Sections 58-14-35, 58-14-36 - Restrictions on agent. Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors
- Section 58-14-37 - Examination of agent or broker--Cost.
- Section 58-14-38 - Penalty for violation.
- Section 58-14-39 - Rights of third party.
- Section 58-14-40 - Adoption of rules.
- Section 58-14-41 - Compliance with and application of §§ 58-14-24 to 58-14-42.
- Section 58-14-42 - Qualified United States financial institution.
- Section 58-14-43 - Restrictions on brokers connected to a firm or association.
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