South Dakota Codified Laws 58-29B-2. Scope
The provisions of this chapter apply to:
(1) All insurers who are doing, or have done, an insurance business in this state, and against whom claims arising from that business may exist now or in the future;
Terms Used In South Dakota Codified Laws 58-29B-2
- 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
- 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
(2) All insurers who purport to do an insurance business in this state;
(3) All insurers who have insureds resident in this state;
(4) All other persons organized or in the process of organizing with the intent to do an insurance business in this state;
(5) All nonprofit service plans and all fraternal benefit societies, health maintenance organizations, benefit societies and any other entity subject to Title 58;
(6) All title insurance companies, subject to chapter 58-25;
(7) Any entity whose administrative actions represent the administrative actions of an insurance company.
Source: SL 1989, ch 436, § 2.