South Dakota Codified Laws 58-14-16.1. Credit allowed for reinsurance ceded to certified reinsurer
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Credit shall be allowed if the reinsurance is ceded to an assuming insurer that has been certified by the director as a reinsurer in this state and secures the assuming insurer’s obligations in accordance with the requirements of §§ 58-14-16.2 to 58-14-16.15, inclusive.
Terms Used In South Dakota Codified Laws 58-14-16.1
- 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
Source: SL 2017, ch 211, § 12.