§ 58-3-1 Examination of insurers–Scope
§ 58-3-1.1 “Company” defined
§ 58-3-2 Examination of alien insurer–Limited extent
§ 58-3-3 Applicant for initial certificate of authority to do insurance business in state–Examination by director
§ 58-3-3.1 Examination assessment fee–Insurance examination fund established for proceeds
§ 58-3-3.2 Payments from insurance examination fund
§ 58-3-3.3 Reimbursement to agents involved with insurance examinations–Insurer reimbursements
§ 58-3-3.4 Application of examination fund to farm mutual insurers and captive insurance companies
§ 58-3-4 Examination of foreign or alien insurer or rating organization by insurance supervisory official of another state–Examination by director unnecessary–Accreditation of examiner
§ 58-3-5 Examination of agents, managers, and promoters
§ 58-3-6 Place where examination conducted
§ 58-3-7 Information to be available–Cooperation of persons being examined
§ 58-3-7.1 Observance of guidelines and procedures by examiner
§ 58-3-7.2 Penalty upon refusal to submit to examination–Suspension, refusal of, or nonrenewal of, license
§ 58-3-7.3 Examination under oath–Authority of director or examiner
§ 58-3-7.4 Insurer’s claim files subject to examination–File maintenance requirements
§ 58-3-8 Examination disclosing inadequate records–Correction of accounts
§ 58-3-9 Valuation of real estate involved in examination–Appraisers, appointment, prompt appraisal, report–Expense of appraisal, liability of person examined
§ 58-3-10 Examination reports required
§ 58-3-11 Contents of examination reports
§ 58-3-12 Examination reports–Copy to company examined–Review by director–Order
§ 58-3-12.1 Examinations other than financial examinations–Examination report–Optional or mandatory
§ 58-3-12.2 Market conduct examination–Draft examination report
§ 58-3-12.4 Confidentiality of draft examination report
§ 58-3-13 Filed examination report admissible in evidence
§ 58-3-14 Withholding of report from public inspection
§ 58-3-15 Expenses of examination paid by person examined
§ 58-3-17 Order adopting examination report as final decision–Service–Affidavit of receipt
§ 58-3-18 Confidential investigative hearing–Inconsistencies in examination report
§ 58-3-19 Conducting hearing–Discovery
§ 58-3-20 Use of information discovered during examination for legal or regulatory action
§ 58-3-21 Disclosure of contents of examination report to insurance department or law enforcement agencies–Confidentiality
§ 58-3-22 Confidentiality of disclosed information–Exceptions–Access by National Association of Insurance Commissioners
§ 58-3-23 Preclusion of examiner–Grounds
§ 58-3-24 Liability of director or examiner–Liability for communicating or delivering information–Intent
§ 58-3-25 Implementation of examination report’s recommendations
§ 58-3-26 Promulgation of rules for examination
§ 58-3-27 Application of chapter
lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 58 > Chapter 3 - Examination of Insurers and Insurance Producers

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • 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.
  • Grantor: The person who establishes a trust and places property into it.
  • 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.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Oath: includes affirmation. See South Dakota Codified Laws 2-14-2
  • 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
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.
  • 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