§ 58-35-1 Application of chapter
§ 58-35-2 Farm mutual insurers subject to chapter
§ 58-35-3 “State mutual insurer” defined
§ 58-35-4 “County mutual insurer” defined–Continuation of prior business in noncontiguous counties
§ 58-35-5 Incorporators–Number and property ownership required for state mutual insurer
§ 58-35-6 Incorporators–Number and property ownership required for county mutual insurer
§ 58-35-7 Declaration of intent to incorporate, filing–Proposed articles of incorporation, execution
§ 58-35-8 Articles of incorporation–Contents
§ 58-35-9 Fee for filing articles of incorporation
§ 58-35-10 Articles of incorporation–Approval and endorsement by attorney general
§ 58-35-11 Misleading name of proposed corporation–Rejection by director
§ 58-35-13 Transaction of business without certificate of authority as misdemeanor
§ 58-35-14 Amendment of articles of incorporation
§ 58-35-15 Qualifications of state mutual insurer for certificate of authority
§ 58-35-16 Qualifications of county mutual insurer for certificate of authority
§ 58-35-17 Certificate of authority to insure against hail–Required qualifications to obtain
§ 58-35-18 Issuance of certificate of authority–Continuation–Termination
§ 58-35-19 Fees for certificate of authority
§ 58-35-20 Suspension or revocation of certificate of authority–Grounds
§ 58-35-21 Bylaws–Making and approval–Modification
§ 58-35-22 Contents of bylaws
§ 58-35-23 Filing of bylaws–Disapproval by director
§ 58-35-24 Minimum number of members
§ 58-35-25 Directors–Election–Term of office
§ 58-35-26 Qualification of directors
§ 58-35-27 Officers–Election–Term of office
§ 58-35-28 Bonds of treasurer and secretary
§ 58-35-29 Property insurable by farm mutual
§ 58-35-29.1 Living expenses and fire department service charges incidental to casualty insurance
§ 58-35-30 Insurance of property not owned by member or spouse prohibited–Exceptions
§ 58-35-32 Insurance on churches, schools, and community buildings
§ 58-35-32.1 Liability insurance issued by state insurers–Medical and disability benefits–Snowmobiles
§ 58-35-33 Withdrawal from membership–Surrender of policy for cancellation–Payment of obligations
§ 58-35-35 Maximum amount of insurance on single risk
§ 58-35-36 “Single risk” defined
§ 58-35-37 Cash premium or assessment plan for transacting business
§ 58-35-38 Cash premium plan–Collection of premiums
§ 58-35-39 Cash premium plan–Special assessment in case of inadequacy
§ 58-35-40 Assessment plan insurance–Levy of assessments before or after liability incurred–Collection of initial amount before effective date of insurance
§ 58-35-41 Application for insurance to be in writing–Advance cash payments
§ 58-35-42 Application and policy forms filed with director–Disapproval
§ 58-35-43 Rates–Filing with director not required–Discrimination prohibited
§ 58-35-44 Reinsurance
§ 58-35-45 Reinsurance corporation formed by insurers–Procedure
§ 58-35-46 Risk limitation inapplicable to organization of county mutual insurers for reinsurance purposes
§ 58-35-47 Investment of funds authorized
§ 58-35-48 Funds expended for educational purposes–Maximum amount–Statement in annual report
§ 58-35-49 Claim for loss–Notice in writing–Arbitration
§ 58-35-50 Directors’ and officers’ liability for failure to pay claims
§ 58-35-54 Annual statement of affairs–Contents and filing
§ 58-35-55 Failure to file annual statement–Suspension or revocation of certificate of authority
§ 58-35-56 Annual statement–Presentation at meeting of members
§ 58-35-57 Application of other provisions
§ 58-35-58 Provisions exclusive
§ 58-35-59 Financial reporting standards
§ 58-35-60 Merger of farm mutual insurers–Plan of merger
§ 58-35-61 Policyholders to vote on merger plan–Notice of vote
§ 58-35-62 Approval of plan of merger by majority of voters
§ 58-35-63 Execution and acknowledgment of articles of merger–Contents of articles
§ 58-35-64 Filing plan of merger and articles of merger–Approval by director–Reasons for denying hearing
§ 58-35-65 Notification of disapproval of plan
§ 58-35-66 Examination of articles of merger by attorney general–Submission to secretary of state
§ 58-35-67 Approval of articles of merger by secretary of state–Endorsement–Filing–Certificate of merger
§ 58-35-68 Merger effective upon issuance of certificate
§ 58-35-69 Surviving corporation exists separate from parties to merger
§ 58-35-70 Rights, privileges, immunities, and franchises of surviving or new corporation
§ 58-35-71 Liabilities and obligations of surviving or new corporation
§ 58-35-72 Articles of incorporation of surviving corporation amended by plan of merger
§ 58-35-73 Dissolution of farm mutual insurer
§ 58-35-74 Rights of dissenting members and proxy voters not applicable to mergers
§ 58-35-75 Division of farm mutual insurers–Plan
§ 58-35-76 Members to vote on plan of division
§ 58-35-77 Articles of division of farm mutual–Articles of incorporation–Filing–Application of chapter provisions
§ 58-35-78 Annual audit–Independent audit–Report–Extension
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Terms Used In South Dakota Codified Laws > Title 58 > Chapter 35 - Farm Mutual Insurers

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
  • Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. 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
  • 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