Chapter 5a. Insurance Holding Companies
Index
- SDCL 58-5A-1 Definitions
- SDCL 58-5A-2 "Domestic Insurer" Defined
- SDCL 58-5A-3 Acquisition of Control of Or Merger With Domestic Insurer-Information Statement Required-Approval By Director Required-Violation As Misdemeanor
- SDCL 58-5A-3.1 Divestiture of Controlling Interest In Domestic Insurer-Notice to Director and Insurer
- SDCL 58-5A-4 Contents of Information Statement-Violation As Misdemeanor
- SDCL 58-5A-5 Information Statement Required of Partners Or Members of Syndicate Or Group-Violation As Misdemeanor
- SDCL 58-5A-6 Information Required of Corporations, Officers, Directors and Certain Owners of Voting Securities-Violation As Misdemeanor
- SDCL 58-5A-7 Amendment of Information Statement-Violation As Misdemeanor
- SDCL 58-5A-8 Federal Or State Registration Statements Utilized In Furnishing Information
- SDCL 58-5A-9 Approval By Director of Acquisition Or Merger-Grounds For Disapproval
- SDCL 58-5A-9.1 Disapproval of Dividends Or Distributions For Violation-Order of Supervision
- SDCL 58-5A-10 Time of Hearing-Notice
- SDCL 58-5A-10.1 Request For Public Hearing On Consolidated Basis
- SDCL 58-5A-11 Procedure At Hearing-Evidence Admissible
- SDCL 58-5A-11.1 Cost of Hearing Officer-Retention of Various Experts At Acquiring Person's Expense
- SDCL 58-5A-12 Time For Director's Determination After Hearing
- SDCL 58-5A-13 Statements and Notices Mailed to Shareholders-Expenses of Mailing-Security Required
- SDCL 58-5A-14 [Repealed]
- SDCL 58-5A-15 Mergers and Consolidations Exempt From Information and Approval Requirements
- SDCL 58-5A-16 Acquisitions Exempt From Information and Approval Requirements By Order of Director
- SDCL 58-5A-17 [Repealed]
- SDCL 58-5A-18 Acquisition, Divestiture, Or Merger Without Approval As Misdemeanor
- SDCL 58-5A-19 Jurisdiction of Court In Hughes County-Director As Attorney For Service of Process
- SDCL 58-5A-20 Registration of Subsidiary Insurer-Time For Registration-Statement Required of Foreign Insurer
- SDCL 58-5A-21 Form and Contents of Registration Statement
- SDCL 58-5A-22 Initial and Annual Registration Fees
- SDCL 58-5A-23 Disclosure of Immaterial Information Not Required
- SDCL 58-5A-24 Report of Changes Required of Registered Insurer
- SDCL 58-5A-25 Termination of Registration
- SDCL 58-5A-26 Consolidated Registration Statement Or Report By Affiliated Insurers
- SDCL 58-5A-27 Registration By Insurer On Behalf of Affiliated Insurer
- SDCL 58-5A-28 Insurer Exempt From Registration Requirements On Order of Director
- SDCL 58-5A-29 Disclaimer of Affiliation-Contents-Procedure On Disallowance
- SDCL 58-5A-29.1 Annual Enterprise Risk Report
- SDCL 58-5A-30 Failure to File Registration Statement Or Enterprise Risk Report-Penalty-Waiver
- SDCL 58-5A-31 Registration Requirements Satisfied By Duplicate Copies of Federal Filings
- SDCL 58-5A-32 Standards For Material Transactions By Registered Insurers With Affiliates-Nonconformity
- SDCL 58-5A-33 [Repealed]
- SDCL 58-5A-34 Adequacy of Insurer's Surplus-Factors Considered
- SDCL 58-5A-35 Notice to Director of Extraordinary Distribution-Approval By Director
- SDCL 58-5A-36 Application For Approval of Extraordinary Distribution-Contents
- SDCL 58-5A-37 Examination of Insurers and Affiliates
- SDCL 58-5A-38 Grounds For Director's Examination
- SDCL 58-5A-38.1 Production of Records, Books, and Other Information
- SDCL 58-5A-38.2 Examination of Registered Insurer's Affiliates to Obtain Information
- SDCL 58-5A-39 Personnel Employed By Department For Conduct of Examination
- SDCL 58-5A-40 Insurer to Pay Expense of Examination
- SDCL 58-5A-41 Confidentiality of Information In Possession Or Control of Division-Use In Regulatory Or Legal Action-Grounds For Publication By Director
- SDCL 58-5A-41.1 Testimony In Private Civil Action Concerning Confidential Information Prohibited
- SDCL 58-5A-41.2 Certain Sharing of Confidential Information Permitted
- SDCL 58-5A-41.3 Agreements Regarding Sharing of Confidential Information
- SDCL 58-5A-41.4 Information In Possession Or Control of Naic Confidential
- SDCL 58-5A-41.5 Confidentiality Not Waived By Disclosure of Information
- SDCL 58-5A-42 [Repealed]
- SDCL 58-5A-43 Acquisition of Subsidiaries-Limitations
- SDCL 58-5A-44 Disposition of Investment In Subsidiary Upon Cessation of Control-Waiver
- SDCL 58-5A-45 Pre-Acquisition Notification-"Person" Defined
- SDCL 58-5A-46 "Acquisition" and "Involved Insurer" Defined-Limited Application
- SDCL 58-5A-47 Application of Sections 58-5a-46 to 58-5a-53-Exceptions
- SDCL 58-5A-48 Pre-Acquisition Notification-Contents-Waiting Period
- SDCL 58-5A-49 Action By Director When Acquisition Lessens Competition-Promulgation of Rules Establishing Competitive Standards
- SDCL 58-5A-50 Acquisitions Subject to Order Under Section 58-5a-69
- SDCL 58-5A-51 Plan For Limiting Anticompetitive Impact of Acquisition-Time Limit
- SDCL 58-5A-52 Fine, Suspension, Or Revocation For Violation of Cease and Desist Order
- SDCL 58-5A-53 Failure to Comply With Filing Requirements-Fine
- SDCL 58-5A-54 Report of Dividends and Distributions to Shareholders-Time Limit
- SDCL 58-5A-55 Persons Subject to Registration to Provide Complete and Accurate Information to Insurer
- SDCL 58-5A-56 Notification to Director of Certain Transactions Required
- SDCL 58-5A-57 Transactions Entered Into to Avoid Director's Review Prohibited
- SDCL 58-5A-58 Considerations In Decision to Approve Or Disapprove Transactions
- SDCL 58-5A-59 Notification to Director of Certain Investments Into One Corporation
- SDCL 58-5A-60 Certain Securities Not to Be Voted At Shareholder's Meeting-Application For Injunction
- SDCL 58-5A-61 Petition to Seize Or Sequester Voting Securities Acquired In Violation of Chapter
- SDCL 58-5A-62 Violations By Officers Subject to Fine-Determining Amount of Fine
- SDCL 58-5A-63 Transactions Or Contracts Entered Into Without Approval-Cease and Desist Order By Director
- SDCL 58-5A-64 Criminal Proceedings For Violation Committed Knowingly-Fine
- SDCL 58-5A-65 False Statements, Reports, Or Filings As Felony
- SDCL 58-5A-66 Order For Conservation, Liquidation, Or Rehabilitation-Distribution and Recovery-Liability
- SDCL 58-5A-67 Suspension, Revocation, Or Refusal to Renew License For Violation
- SDCL 58-5A-68 Stay of Director's Action Upon Appeal to Circuit Court
- SDCL 58-5A-69 Order By Director Upon Violation of Standards-Cease and Desist-Denial of License
- SDCL 58-5A-70 Promulgation of Rules By Director
- SDCL 58-5A-71 Application of Sections 58-5a-60 and 58-5a-61
- SDCL 58-5A-72 Ownership Situs of Voting Securities
- SDCL 58-5A-73 Additional Investments By Domestic Insurer
- SDCL 58-5A-74 Determining Whether Investments Meet Applicable Requirements
- SDCL 58-5A-75 Investments Subject to Chapter 58-27
- SDCL 58-5A-76 Application to Insurer Not a Member of Same Holding Company
- SDCL 58-5A-77 Dividends Paid From Earned Surplus-Exclusions-Promulgation of Rules For Ordinary Dividends
- SDCL 58-5A-78 Director's Participation In Supervisory College to Determine Insurer Compliance
- SDCL 58-5A-79 Expenses of Director's Participation In Supervisory College
- SDCL 58-5A-80 Director's Participation In Supervisory College With Other Regulators
- SDCL 58-5A-80.1 Internationally Active Insurance Group-Supervision
- SDCL 58-5A-80.2 International Active Insurance Group-Group-Wide Supervisor Determination
- SDCL 58-5A-80.3 Internationally Active Insurance Group-Group-Wide Supervisor Acknowledgment
- SDCL 58-5A-80.4 Group-Wide Supervisor-Information For Determination
- SDCL 58-5A-80.5 Group-Wide Supervisor-Director Supervision-Permitted Activities
- SDCL 58-5A-80.6 Group-Wide Supervisor-Director Cooperation
- SDCL 58-5A-80.7 Information Sharing
- SDCL 58-5A-80.8 Promulgation of Rules
- SDCL 58-5A-80.9 Reasonable Expenses
- SDCL 58-5A-81 Maintenance of Risk Management Framework
- SDCL 58-5A-82 Regular Conduct of Orsa
- SDCL 58-5A-83 Submission of Orsa Summary Report Or Comparable Reports to Division
- SDCL 58-5A-84 Orsa Summary Report Requirements
- SDCL 58-5A-85 Exemption From Requirements
- SDCL 58-5A-86 Requirements Where Insurer Or Insurer's Group Does Not Qualify For Exemption
- SDCL 58-5A-87 Insurer's Application For Waiver
- SDCL 58-5A-88 One Year Period to Comply With Requirements Following Loss of Qualification For Exemption
- SDCL 58-5A-89 Conditions Under Which Director May Require Maintenance of Risk Management Framework, Conduct of Orsa, and Filing of Orsa Summary Report
- SDCL 58-5A-90 Confidentiality of Information Submitted to Division
- SDCL 58-5A-91 Powers and Duties of Director Regarding Orsa
- SDCL 58-5A-92 Sharing of Information and Documents By Director-Confidentiality
- SDCL 58-5A-93 Promulgation of Rules Regarding Orsa