South Dakota Codified Laws 58-14-14. Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions
Current as of: 2023 | Check for updates
|
Other versions
Credit shall be allowed if the reinsurance is ceded to an assuming insurer not meeting the requirements of § 58-14-8, 58-14-9, 58-14-10, 58-14-11, or 58-14-16.1 but only with respect to the insurance of risks located in foreign or alien jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.
Terms Used In South Dakota Codified Laws 58-14-14
- 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.
Source: SL 1992, ch 344, § 8; SL 2017, ch 211, § 8.