§ 58-1-1 Citation of title
§ 58-1-2 Definition of terms
§ 58-1-3 Exemption from title of certain entities and transactions
§ 58-1-3.1 Application to business including medical, surgical, or hospital care benefits
§ 58-1-3.2 Direct response and mass marketing as insurance transaction
§ 58-1-3.3 Health care sharing ministries exempt from title
§ 58-1-3.4 Health benefit plan–Agricultural organization–Exemption
§ 58-1-4 Particular provisions prevail
§ 58-1-5 Compliance required
§ 58-1-7 Local licenses and taxes prohibited
§ 58-1-9 Existing certificates of authority–Renewal, suspension, revocation, or termination
§ 58-1-10 Existing licenses–Renewal, suspension, revocation or termination
§ 58-1-11 General saving clause
§ 58-1-12 Applicability of title under unrepealed laws
§ 58-1-13 Severability of provisions
§ 58-1-14 Notice of nonrenewal of policy must be mailed sixty days prior to renewal date–Exceptions
§ 58-1-14.1 Notice of refusal to renew–Thirty-day delivery requirement–Exception
§ 58-1-15 “Homeowner’s insurance policy” defined–Notice of nonrenewal to policyholder required–Timing of notice–Exception
§ 58-1-16 Exemption of charitable gift annuity from insurance regulation–Qualified organization
§ 58-1-17 Disclosure statement for issuance of charitable gift annuity
§ 58-1-19 Health benefit plans to issue uniform prescription drug information card–Exception–Director to prescribe format and contents
§ 58-1-20 Prescription drug information card to be issued upon enrollment–Reissuance
§ 58-1-23 Director to enforce provisions–Promulgation of rules
§ 58-1-24 Definitions related to genetic testing
§ 58-1-25 Use of genetic tests in offer, sale, or renewal of insurance prohibited
§ 58-1-25.1 Sharing of genetic information prohibited–Health carrier, life insurer, long-term care insurer
§ 58-1-26 Retention of records
§ 58-1-27 Transmission of electronic documents–Definitions
§ 58-1-28 Transmission and storage of electronic documents permitted
§ 58-1-29 Delivery by electronic transmission equivalent to other delivery methods
§ 58-1-30 Conditions for transmission of electronic documents
§ 58-1-30.1 Transmission of electronic documents–Consent by sponsor or policyholder
§ 58-1-30.2 Transmission of electronic documents–Requirements for effective consent
§ 58-1-30.3 Transmission of electronic documents by consent–Paper notification
§ 58-1-30.4 Transmission of electronic documents by consent–Notice of document by electronic means
§ 58-1-31 Content and timing requirements unaffected
§ 58-1-32 Verification or acknowledgment of receipt
§ 58-1-33 Effect of failure to obtain electronic consent or confirmation
§ 58-1-34 Withdrawal of consent
§ 58-1-35 Documents delivered electronically before July 1, 2014
§ 58-1-36 Notice to parties consenting to electronic transmission before July 1, 2014
§ 58-1-37 Oral communications and recordings–Electronic signatures
§ 58-1-38 Conditions for posting property and casualty policy or endorsement on insurer’s website
§ 58-1-40 English version of policy controls–Transactions in another language permitted
§ 58-1-41 Policies and advertising in language other than English permitted
§ 58-1-42 Statement attesting that policy in language other than English is translation of policy approved by division
§ 58-1-43 Policy statement that dispute resolved by English version
§ 58-1-44 Unfair trade provisions not abrogated
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Terms Used In South Dakota Codified Laws > Title 58 > Chapter 1 - Definitions and General Provisions

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Insurance business: includes the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of that contract, and all matters arising out of that contract or any claim thereunder. See South Dakota Codified Laws 58-1-2
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2